MCO Bearish Divergence

I'm new to TA, please provide any insight into this idea. Looks like bearish divergence on the 4hr chart. Expecting a market drop based on the MACD and RSI signals.
Sep 19
Comment: Looks to be in an accumulation phase
well you spotted a divergence thats right... the thing is... its a BULLISH divergence... (a hidden bullish divergence to be precise) and you posted it on the sweet spot... hehe.. MCO up !

here is a cheatsheet for the future..
Rumdig valueerror
@valueerror, wow. Thanks for the cheatsheet link.
i think it wrong) it will be up cause they will be relize app on 31 august
Rumdig Ingwina
@Ingwina, Thanks for the input
dmetal23 Rumdig
@Rumdig, I agree with the TA but yeah it seems like people are bullish for the app being released and are throwing TA out the window
Rumdig dmetal23
@dmetal23, good to know. I'm still learning TA and assumed an opposite direction base upon the indicators.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out