This Is Why You Should Use Reverse Divergence In Your Trading
Maybe some of you had
too much to drink last night. After all, it was Super Sunday.
So far, the market is directionless as if it is suffering from a hangover.
10:46:15 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
FFIV |
Buy stop at 48.79 |
48.58 | 49.10 | 48.67 |
TK |
After nearing 49.50, F5 Networks
(FFIV) began to pull back toward the 20-period EMA. It tested the 50%
retracement level and formed two consecutive hammers. It was a potential
reversal situation. Notice the stochastic is showing a reverse divergence. We
placed a buy stop at 48.79.
10:50:54
Follow up on FFIV
Selling half to capture a 15-cent gain. Move stop to breakeven.
T.Kamada
If you have questions, feel free to
mail them to me.
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