langelaarlorenzo

Divergent in RSI so uptrend incoming

Long
LSE:ULVR   UNILEVER PLC ORD 3 1/9P
Hello everyone,

So UNILEVER is in a strong down trend since the earnings were published (why, I have no idea).

However I see a divergent in the RSI . RSI goes up, while the trend is going down.

I think that the trend will go up soon, because of the indicator. Hopefully it will break trough the SMMA 20.

My price target will be 3783 GBX , the first resistance. After this one is broken, it can push through the 4000.

This is my first Technical Analyse ever.

Please feel free to leave a comment and give me advice/feedback.


Have a nice evening,
Lorenzo
(Netherlands)