Negative Divergence - My Favourite trading strategy
Stock is having a negative divergence - short below the green trend line for target of 1% return for couple of days and upto 3% for the week
Yorum:
The red trend line indicates the divergence. The green trend line indicates the entry point. Remember you can sell futures or sell options - Do not go for option buying due to premium decay
Yorum:
The stock has also got a hanging man pattern on the daily time frame - this is just for an update which indicates that the bears may step in