Today is the day 2 of Hang Seng Index MACD divergence
trending. Hang Seng Index closed at 23787,
highest level in one year. The
MACD line is at 373, which is still lower than the previous MACD line at
412. On the other hand, formation of MACD
histogram Hill 3 is getting clearer and still lower than Hill 1.
As long as the MACD line does not go higher than 412, the
divergence trending is still intact. We
have to keep monitoring.
Disclaimer:
The above technical analysis does not imply any buy or sell
recommendation. The entry point, stop loss point, stop gain point
and any other technical indications stated in the article are solely for
experiment purpose. The author disclaims all liabilities arising from any
use of the information contained in this article.
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