Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Retracement strategy, a must for traders.
1 week ago
Thursday, December 24, 2009
Infosys in its 5th wave..
Infosys is moving higher in its 5th wave and making all time highs. When a scrip makes all time highs, it is difficult to put a target or resistances. The prices have overcome all the pent-up supply and moving higher due to good demand for the scrip.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Subscribe to:
Post Comments (Atom)
1 comments:
I have the same count and 2850 is potential Fibonnaci extension resistance!
If you count on monthly chart since 1998, it is also in full final 5 th wave. Wanted to confirm my count with you?
Post a Comment