Peet_Serfontein

CCO: share with the most bearish divergence

Short
JSE:CCO   None
Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly).
Divergence period used is 8 periods (Fibonacci number).
Divergence is when the price is making higher highs, while the indicator ( RSI ) is making lower lows.
Indicates underlying weakness. Bulls are exhausted. Warning of a possible trend direction change from an uptrend to downtrend.


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