From the weekly chart of WHA shown, two previous clear cases of divergences between Prices and a rate of change indicator as marked, show that in the presence of a Divergence sighted between Price and Rate of change indicator, prices will FOLLOW the indicator.
Thus, for the divergences marked 1 and 2, prices which were going up followed the rate of change indicator downwards after sighting.
We now see that the past few weeks have led to another divergence - while prices are flat and going sideways, the rate of change indicator has begun to move up.
Would prices now follow the indicator to move up, as is the general interpretation ala technical analysis? Happy trading.
Divergences in Weekly Chart- WHA
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.69M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.8¢ | $119.6K | 4.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2754024 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 467816 | 2 |
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| Last trade - 14.29pm 09/07/2024 (20 minute delay) ? |
| WNX (ASX) Chart |