Showing posts with label divergence. Show all posts
Showing posts with label divergence. Show all posts

Sunday, August 30, 2009

Divergence in Shanghai Composite.


Since Aug 19 low, Shanghai Composite has climbed a bit but this rise has not been confirmed by MACD resulting in a divergence. Hence, we need further evidence to be confident of a reversal in current (short term) down trend, or continuation of this trend to become intermediate or long term down trend.