Monday, March 17, 2014 11:43:27 AM
CYTR. Ex. of one of my favorite chart divergences.
The thing I liked here is the combination of (understandable) panic selling with volume and the MACD Histogram not making a new low. This tends to be super bullish and often results in a quick and profitable bounceback.
I put the macd hist on the chart here to make it easier to see. This is the type of thing I am always on the lookout for.
The thing I liked here is the combination of (understandable) panic selling with volume and the MACD Histogram not making a new low. This tends to be super bullish and often results in a quick and profitable bounceback.
I put the macd hist on the chart here to make it easier to see. This is the type of thing I am always on the lookout for.
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