Today is the fourth day of daily MACD divergence tracking
for HSI. Hang Seng index closed at new
one year high, 23919. The MACD line
closed at 414, which is higher than previous MACD 412. This means that the MACD divergence no longer
trending. As such, today will be the
last episode of daily MACD divergence tracing for Hang Seng Index.
Although the 120 minutes and 30 minutes charts of Hang Seng
Index are still showing MACD divergence trending, and the daily Hang Seng
Future index MACD divergence trending is still intact, it is now harder to
estimate the reversal point with high accuracy as the daily MACD divergence for
Hang Seng Index already disappeared.
Thanks for following the Daily MACD Divergence Tracking on
the past few days. I will reopen the
tracking series once new opportunity emerges.
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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