The only thing that disturbs me with TEL is the flat price action in between divergences, inclining me to believe this action as a fake one.
Tuesday, June 21, 2011
TEL: Divergence
Divergence: Deal or no deal?
The only thing that disturbs me with TEL is the flat price action in between divergences, inclining me to believe this action as a fake one.
The only thing that disturbs me with TEL is the flat price action in between divergences, inclining me to believe this action as a fake one.
I am having trouble seeing what's real with all the superficial closings last week.
No meaningful moves with LC/B while most of the oversold issues rallied today.
LC is being slightly bearish on the 5-min chart while LCB is slightly bullish on the same time frame.
This might suggest further consolidation in the short term. Still waiting for a rally with huge range/bearish RSI divergence.
AT broke and closed above its box resistance @18, looking forward to 19.50 as a short term target.
MEG rallied(DCB?) off its MS1 today. Short term target @2.14 levels(MPP and 50EMA).
Most of the gainers today, I cannot read.
Started another FX demo account with US$3k. Applying proper stops and money management now after turning a winning trade with the previous account into a loser.