Stock price is lower low, but indicator is higher low. The price touches the support trend line.
Tips:
This is index, not a stock. But the tips should apply as well.
2013 dec 13, price and stochastic have divergence.
Stochastic is to value price momentum.
The divergence is a regular divergence. Means the price will bouce back. Here is for price lower low, but indicator higher low.
Stochastic works only for a range price move. For strong trend, not working. Here the indicator value is very low, and the stock not in a strong trend swing, means oversold. More probably to bounce back.
The stock runs in a very long range. The price drops almost on the support trend line.
Over all these, a strong buy hint is here.
Tips:
This is index, not a stock. But the tips should apply as well.
2013 dec 13, price and stochastic have divergence.
Stochastic is to value price momentum.
The divergence is a regular divergence. Means the price will bouce back. Here is for price lower low, but indicator higher low.
Stochastic works only for a range price move. For strong trend, not working. Here the indicator value is very low, and the stock not in a strong trend swing, means oversold. More probably to bounce back.
The stock runs in a very long range. The price drops almost on the support trend line.
Over all these, a strong buy hint is here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.