Hiya PB I am a little bit reticent at the moment to go into too much detail as I don't want to annoy Danube... but I'll give it a crack n shutup for a day or two...
Yes there is divergence across the timespans you mention...
The strongest is the hourly with this latest peak only making it halfway up the previous MACD moving average peak... really looking for a rollover of the fast MACD over slow and xover for confirmation... plus price really has to get below the 21 MA for a sell
The daily IS divergent all the way back to march, but current action is kinda hard to call... though I do note price appears to have kissed the underside (ooooh that sounds a bit suss!) of the trendline I mentioned yesterday.
The 15 minute reflects the higher timespan and with price now below the 21 period ma it is looking a bit soft.
Alright.. that's me done here for a couple of days catch ya next week... will keep the intraday spraff for the blog.
Take a look at the 4 hour though... that is VERY interesting.
;)
welease woderwick wednesday, page-6
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| XJO (ASX) Chart |