1) In Technical Analysis Divergence(Negative = Sell, Positive = Buy) is very important and i found Positive Divergence on indicators such as CCI, RSI, Momentum. Price bottoms are decreasing but indicator bottoms are increasing it is description of Positive Divergence. 2) On RSI indicator, it is oversold area and i found important support horizontal lines on RSI...
1) On weekly RSI is very close to break its resistance line and it is approximately 40 level. RSI's 2 moving averages have already cut each other and it gave buy sign to us. 2) As you saw i found chart pattern which is called Descending Triangle on Momentum Indicator. This chart pattern breaks its resistance line generally not always. In my opinion taking sign...
1) Resistance line of RSI has been broken but we have to wait for at the end of this month's closing line. RSI's 2 moving averages will nearly cross each other. RSI is 32 level and it is oversold sign. 2) I drew support and resistance line on Momentum indicator and i applied SMA(8 period). They will cross each other soon but it is not exactly buy sign because it...
1) RSI indicator dropped approximately 25 level and it gives us oversold sign but it is not so reliable indicator if it is strong upper or down trend. But its 2 moving averages will cross each other nearly. For very reliable buy sign we have to wait those moving averages. 2) Momentum's resistance line has been broken but this can be unreliable resistance line...