Posted by timebandit on 18th of Dec 2021 at 02:50 pm
$NAMO posted a positive divergence with $COMPQ yesterday,
similar to what it did in the first week of December (see cyan
lines). There is also a positive divergence between that early
December $NAMO low and the current one while $COMPQ has come down
to essentially the same level it was then (see dashed yellow
lines).
The 10 dma of $NAHL also has a positive divergence with $COMPQ
price
$NAMO posted a positive divergence
Posted by timebandit on 18th of Dec 2021 at 02:50 pm
$NAMO posted a positive divergence with $COMPQ yesterday, similar to what it did in the first week of December (see cyan lines). There is also a positive divergence between that early December $NAMO low and the current one while $COMPQ has come down to essentially the same level it was then (see dashed yellow lines).
The 10 dma of $NAHL also has a positive divergence with $COMPQ price
Thanks for pointing this out.
Posted by cozz101 on 19th of Dec 2021 at 09:40 am
Thanks for pointing this out. I'm hopeful we get a Christmas rally and this divergence means something!
Yeah, I'm curious to see
Posted by timebandit on 19th of Dec 2021 at 02:18 pm
Yeah, I'm curious to see what happens tomorrow and this week in general. There's also this look at the QQQs that seems to lean the other way...