Grin about Rambus chart 16:50
I know your no newbie and don’t want to start a debate but..Rambus chart 16:50. Negative devergence was already in place in the high of 2006, started down after, although even with such divergence it can still go up for another wave or two, it did not, but it did hold support. The fact that their is negative divergence and it is near support, I myself would not buy back in, or add, because if it drops below it support, could fall farther..for now. If it heads back up that may be a different story. But then would have to watch carefully at this point because of the hurricane. In 2006 it followed a hurricane and great disaster, and as you saw at that point was temporiary and headed down after, correction, consolidation what have you. I believe t/a speaking only showing 3 negative divergences, Macd, RSI and STO and nearing support well a picture says a 1000 words and should be careful. And to watch closley what this hurricane is doing, if it does go up, it will correct again. The day will come we are rewarded but don’t believe it will happen in a stady up-trend, it will shake people out and some stocks may fail (Jr or penny) for what ever reason along the way. JMHO