LIG Assets Inc (LIGA)

[shihah22]

But that indicator is not really bearish at all, the sharp move up in the first week of January messes up the whole indicator.
Even though chartists can look for bullish and bearish divergences, these formations can be misleading because of sharp moves. Sustained advances often start with a big surge out of the gate. Subsequent advances are usually less sharp and this causes a bearish divergence to form in the Rate-of-Change oscillator.