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Re: SocialTrader post# 626

Saturday, 04/07/2012 11:11:17 AM

Saturday, April 07, 2012 11:11:17 AM

Post# of 897
Hourly Chart Analysis - We have 4 Bullish divergences on the hourly price chart (seen below) between the Price and the RSI, ULT, Stochastics and &R. Just one bullish divergence is generally considered a buy signal by a lot of technical analysts. Anytime I see all 4 oscillators diverge from the price, I get excited. In my opinion, we will see higher prices in the coming week.

GSX - 60 min Candlesticks

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