Megagem - I would agree with your observation of the bullish divergence of price action to RSI. Likewise there is a bullish divergence between price action and the momentum indicator but for a much longer period (i.e. from 23 May 06 when mom was -0.045 to date when it is now -0.006). This is a great sign for a change of trend very soon and helps confirm other positive chart observations on this thread. ALSO REMEMBER THAT BOTH RSI AND MOMENTUM ARE LEADING INDICATORS AS OPPOSED TO TREND FOLLOWING INDICATORS.
I watch with interest for the trend break which I expect will come this week (even in the absence of positive news flow). The chart also suggests clear accumulation.
Cheers.
bullish divergence on momentum
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