Posted by timebandit on 5th of Sep 2022 at 06:30 pm
NYMO - this is a chart I've been following for awhile. There is
a significant positive divergence on the CCI right now (top of
chart) that has my attention.
Posted by timebandit on 5th of Sep 2022 at 08:47 pm
$NYMO recently made a lower low while CCI looks like it will
make a higher low. Tends to indicate $NYMO is due for a healthy
bounce. Granted, this positive divergence could be negated if $NYMO
heads much lower and CCI heads lower with it. But that would
probably require a market crash scenario to occur, as $NYMO is
already way oversold. Not saying a crash can't happen as they
generally occur in way oversold conditions. But it's less
likely.
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NYMO - this is a
Posted by timebandit on 5th of Sep 2022 at 06:30 pm
NYMO - this is a chart I've been following for awhile. There is a significant positive divergence on the CCI right now (top of chart) that has my attention.
Good to bad for market?
Posted by bpozdoll1717 on 5th of Sep 2022 at 07:13 pm
Good to bad for market?
$NYMO recently made a lower
Posted by timebandit on 5th of Sep 2022 at 08:47 pm
$NYMO recently made a lower low while CCI looks like it will make a higher low. Tends to indicate $NYMO is due for a healthy bounce. Granted, this positive divergence could be negated if $NYMO heads much lower and CCI heads lower with it. But that would probably require a market crash scenario to occur, as $NYMO is already way oversold. Not saying a crash can't happen as they generally occur in way oversold conditions. But it's less likely.