MACD lines still
give bearish signal and we should be ready to see a short term downward movement to the uptrend line and SMA50.
The MACD is currently in the negatives and still
giving a bearish signal, while the Stochastic is going up strongly, thus supporting the bullish turn.
Not exact matches
Given the
bearish action described above, our market timing strategy generated a sell
signal on the close of October 12, 2012.
The 4H
gives us a trend reversal
signal based on a
bearish divergence.
A bullish trading
signal is
given when the 50 - day MA crosses above the longer MA; likewise, a
bearish trading
signal is
given when the shorter MA crosses under the longer one.
As far as the other indicators are concerned, the MACD is sloping downward and
giving a clear sell
signal, and the stochastichs are
signaling a
bearish bias as well.
A test of the lows is still in the cards
given the
bearish short - term setup, but the
bearish momentum is not strong from a long - term perspective, and the long - term buy
signal is still justified.