Ideas on A/D divergence. Please feel free to share any feedback.
Notes provided. Just testing some theories out. Please, kindly offer some feedback if you see anything that I can adjust to make my analysis better.
Im not too optimistic on this one since what I see is on a daily, but not a 4 hour chart. Let's see how it plays out. I want to see if using the A/D would be as effective in this case on a daily with fewer days as opposed to more days to see the signal.
Trend looks bullish. Possible bounce of support and then breakout of resistance. All deets on chart
This example is for a shorting play. This is to give an example of placing a stop loss in regards to a failing signal on volume. Also, I show the importance of that stop loss being in line with major support level on 2 gap ups. See the importance of gap ups here.
Short @ 1.98 and take 10%
Ideas in screenshot
All indicators are indicating bullish trend Entry 9.27 SL: 8.29 Profit: 10.90
I could see this falling down to $18 if price breaks below $26. This article also make mention of this incline of prices inclining in the near future, which came out on 11/25 finance.yahoo.com