I might be wrong on this, and hope jbbb corrects me if I am..but positive diversion is when stock pps moves in the direction of indicators...in our case, indicators are heading north and pps was heading south, i think that is negative diversion because of the inverse relationship...here are the charts with indicators that jbbb mentioned...looks about ready, on the daily chart you could see
RSI shows we're oversold at 35 (bounced from low of 29)
TSI shows we're oversold at -13
BOPis not in oscillator form but a line chart instead, still can see the bulls pushing the tops to come out of this bear hold
One of the most important properties of BOP is the level at which it clusters its tops and bottoms. During bull markets, its tops often reach the upper limit and never reach the bottom level. During bear markets, the picture is reversed.
BOP supports price divergence, trends, and overbought-oversold levels.
A change in the BOP trend serves as a warning signal and should be confirmed by a change in the price direction.
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