MACD & RSI potential divergence, not comfirm
In DMI indicator, +ve Directional index (blue) has confirmed a bearish divergence but -ve Directional index (red) still has not curled up.
Hence, i jumped the gun again and short at 84.5, and another one queuing at 86.
GPN has just broken through the $100 mark and the chart patterns suggest price could go higher.
However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55).
For this reason I would recommend sitting tight until the $100 mark is comfortably cleared...
When GPN reported better than expected earning on 2nd Oct, the price shot up from channel bottom to channel top within three bars. On the fourth bar, a partial bearish abandone baby was formed.
Now because of the recent oversold condition, buyer became so aggressive that GPN gapped up last night and finished at a DOJI. If the price tonight a down bar, then it...
When price flies away too quickly from 8ema, i am very greedy to sell
Using a 15min chart, my short entry at 77.6, targeting 50% which is 74.21 using 100 shares.
