-ve divergence is invalidated in the hour charts Macd ( 34 5 5 ).
14 rsi and fast macd still showing the divergence .
Clear strength seen in hour charts , day charts , week charts and month charts. .
Trending Up with momentum in all TFs
.
5448 last top , and 5430-5450 major resistance ahead , lets see how prices behave around that level .
Today's closing also bullish , closed almost at day high 5431.
When indicators are at extreme reading ,then watch out for ORB ,it is a good guide .Hour TA is OB ,I will keep a watch on ORB, day TA started to form a -ve divergence. Keeping a watch on Macd(34 5 5) , divergence and orb
Also 5458 is 80% of fall from 5630 to 4770 .
14 rsi and fast macd still showing the divergence .
Clear strength seen in hour charts , day charts , week charts and month charts. .
Trending Up with momentum in all TFs
.
5448 last top , and 5430-5450 major resistance ahead , lets see how prices behave around that level .
Today's closing also bullish , closed almost at day high 5431.
When indicators are at extreme reading ,then watch out for ORB ,it is a good guide .Hour TA is OB ,I will keep a watch on ORB, day TA started to form a -ve divergence. Keeping a watch on Macd(34 5 5) , divergence and orb
Also 5458 is 80% of fall from 5630 to 4770 .
3 comments:
so 5458 will be tough res?
By the way Can you post daily HEMA LEMa levels as you used to do.
How to calculate that.And whether HLEMA and LEMA principle can be applied to stocks as well.
Thanks.
Sorry HILO Ema Excel is there. Got it.
@raju4u ,
According to me , prices closing above or below HLema / HHema ..indicates ST strength and weakness so it could be applied to stocks as well.
Thanks for visiting !
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