It looks completely stuffed to me on the macd. Definitely bearish divergence. The best way to get a feel for formations is to use 5min charts and see what happens intraday and get a feel on what you see from your calls. Even 2-3min chart on the ASX in the first hour of trade will move enough to see something. Just keep doing it everyday for a couple years and you wont even have to think about it. Like reading the newspaper.
Weekend Charting and Chart, page-16
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Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |