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Showing posts with label Trade. Show all posts
Showing posts with label Trade. Show all posts

Thursday, March 3, 2011

Sembcorp Marine: Multiple Bearish Divergences

MACD Histogram on it's way to completing the C part of a classic bearish divergence
RSI lower high as price higher high
Force Index lower high as price higher high
Stochastic lower high as price higher high

Very strong signal considering it's from a weekly chart

Shorting opportunity may arise at 5.50+ level

my own opinion only :)