Right. Take MACD and HISTO... both are looking bad and yet the pps is remaining high relatively speaking. The pps should actually fall first and it is right now based on these two alone.
Had following T/A indicators and oscillators been easy to make money, making money in the stock market would have been a piece of cake! Sticking to T/A alone, one can lose money... for sure. No matter how good one may be! It's just one tool in a whole set of important tools plus the skills to use those tools selectively and timely manner just like a very good carpenter.
It requires much, much more than just knowing T/A- even to perfection. Actually I was a student of Joe Granville and learned a lot from him to cover that part more than I actually need. T/A plays a small part for what one needs by way stock market knowledge, money and risk management, the psychology involved, discipline, removal of emotionalism and ability to navigate between fear and greed in a cool calm and collected manner (CCC) and above all on-the-job training experience... BEFORE one becomes successful in this 'game'. GLTA