All Posts Tagged With: "divergence"

Profiting from Divergences? You should be…

On December 13th, 2007 I wrote a piece, which pointed to shorting opportunities in the large cap sector. At this point in the game, Apple was trading for $189 and Google at $698. In a Chart of the Day segment titled, “Utilizing Divergences for Big Gains: Two tech giants ripe to fall,” I had stated the following:

”It was just a day ago when I discovered two bearish divergences occurring simultaneously between the RSI and price on both Apple and Google’s charts. After an impressive run, these two plays are losing buying momentum and are at the end of the road.”

Example setup…

16Jan2008 | S. Oakes | Comments Off | Continued

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