This Is Why You Should Pay Attention To Hidden Divergences

Univision
Communications (UVN) formed an inside bar just above the 38.2%
Fib
level (from February 28 low to March 2 high) last Friday. So often narrow inside
bars signal directional changes.

Now, let’s see the 3-minute chart from today’s session.

09:54:26 (From TradersWire)


Action

Symbol

Order Type

Setup

Stop

 Target

Current Price

Posted By

Buy

UVN buy stop at 29.01
Long Gap Pullback
28.90 29.12 28.98

TK

After hitting 29.21 shortly after the open, the
stock began to pull back. Although UVN violated the lower boundary of a gap, it
managed to form a bullish tail. Notice the stochastic indicator is showing a
hidden divergence. I
immediately placed a buy stop at 29.01.

10:46:53

Follow up on UVN (Pt 2)

Move stop to 29.11 or sell the rest to take a 23-cent gain.

T.Kamada

Feel free to mail me your
questions.