AI
Thursday, November 07, 2019 9:21:42 PM
A lot of posts about low volume and what not... OBV isn’t a bad indicator to use this week. It reaches its lowest levels at the close of yesterday, which features the lowest low in the week and a gap upward today. In the chart, OBV is rising while the price is somewhat falling (especially when looking at the moving average), this divergence is a critical clue to an impending rise in the direction of the price.
It is just an indicator, take it with a grain of salt. But a change in the indicator often precedes a change in the price. Also, I’m not trying to pretend that I know more than anyone here, doing this helps me learn too. #KlugLife
It is just an indicator, take it with a grain of salt. But a change in the indicator often precedes a change in the price. Also, I’m not trying to pretend that I know more than anyone here, doing this helps me learn too. #KlugLife
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