Bearish divergence: price makes new peaks but the indicator makes lower peaks.
Bearish divergence = slowing trend & eventually consolidation or correction.
CDA Weekly MACD Chart from 2009 -2011
Will history repeat?
CDA Weekly MACD Chart for 2016 - 2017
Notice the similarities.
CDA - I think this uptrend may end for now, page-16
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Last
$15.60 |
Change
-0.230(1.45%) |
Mkt cap ! $2.832B | |||
| Open | High | Low | Value | Volume |
| $15.65 | $15.72 | $15.34 | $3.629M | 232.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 504 | $15.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.62 | 398 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CDA (ASX) Chart |