Divergence in BAC. Price is making higher lows but the MFI is making lower lows at the same time. Money is flowing out brother. How? Low volume bump and buy by algos. But how long can it last when real sellers show up?
We can also see a head and shoulders. If the volume picks up and the HS line breaks, I feel this may be a good short. What do you think?
Caveat Emptor and good luck!
We can also see a head and shoulders. If the volume picks up and the HS line breaks, I feel this may be a good short. What do you think?
Caveat Emptor and good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.