Saturday, 14 May 2011

TA - CMA

Comparing slope of OBV and MFI vs slope of the price over the recent weeks. There seems to a possible divergence occuring. Price drop lower, but MFI and OBV does not decline as fast.

MCAD also indicates more green histogram slowly edging over the centre line.

Will reversal occur? Might be possible but needs to be patience.

If it drop further, I will not cut loss. Instead might add more positions at 1.60 if I got more money.

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