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![]()
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$64.60 |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 304 | 64.600 |
3 | 38 | 64.590 |
5 | 144 | 64.580 |
5 | 91 | 64.570 |
5 | 168 | 64.560 |
Price($) | Vol. | No. |
---|---|---|
64.620 | 265 | 11 |
64.630 | 123 | 6 |
64.640 | 80 | 4 |
64.650 | 118 | 3 |
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