classic bullish and bearish for mmacs
Hi Mad Macs, this one if for you. Several weeks ago I showed an entry signal for using a bullish divergence. The opposite how now happened to some degree. While HDR has been making higher highs the MACD histogram has been making lower highs indicating the bulls were running out of steam in the short term. We have seen a bit of this in the last couple of days sell off. Short term traders would have been using tight stops as once this pattern started to occur, the weekly trend is still clearly up so it will be interesting to see where the Oscillators lie after I down load my nightly data.
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hardman resources limited
$2 tomorrow ???, page-30
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