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
ftse
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Last
$58.49 |
Change
0.230(0.39%) |
Mkt cap ! $11.34B | |||
| Open | High | Low | Value | Volume |
| $58.49 | $58.80 | $58.15 | $57.32M | 970.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20975 | $58.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $58.50 | 80 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |