Technially yes, but divergence is not a sell signal in itself,
there is overhead resistance at the April highs and that is a
logical pause area. However the MACD just turned up and it
would need to turn lower and have a negative cross to confirm.
It's something to keep an eye on but for now the price action
is what counts
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ANV
Posted by lakez on 22nd of Aug 2011 at 11:51 pm
Is there some negative divergence, or am i wrong?
Technially yes, but divergence is
Posted by matt on 23rd of Aug 2011 at 12:50 am
Technially yes, but divergence is not a sell signal in itself, there is overhead resistance at the April highs and that is a logical pause area. However the MACD just turned up and it would need to turn lower and have a negative cross to confirm. It's something to keep an eye on but for now the price action is what counts