Just had a quick look at FTSE and noticed something that could possibly signal a reversal very soon.
We have some nice bullish divergence between the price and the RSI. It also happened back in march 07, and look what followed. I also note that the RSI broke through the oversold line back in March for the first bottom, and has already done the same for the first of the lows 2 weeks ago..
Not saying it has to happen this time, but could be time to watch your short positions I suspect.....
Chart looks like this.
Cheers
Commy
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Last
$64.53 |
Change
0.690(1.08%) |
Mkt cap ! $12.51B | |||
| Open | High | Low | Value | Volume |
| $64.52 | $64.75 | $64.14 | $5.101M | 79.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 220 | $64.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.54 | 122 | 9 |
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| Last trade - 14.52pm 29/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |