RIMM; in it's 3rd push down on lighter momentum. It spent most of the day in a very narrow range and sold off later in the day due to the weight of the overall market (margin calls).
FCX; has had the feel like people are anxious to jump aboard this one for "the bounce."
POT; though technically not a momentum divergence (yet), it to has had a similar feel like people are waiting to ride this for a bounce. Of interest is the inverted hammer candle today.
2 comments:
Don't jump on them yet. GS has had the same divergence for atleast 15 days now.
Yesterday, I posted the chart.
No doubt, I was going to post a GS chart along with AMZN. IMHO GS is a special circumstance as it's trending in a tight channel and momentum indicators often tell deceptive stories in such a situation.
Thanks for the input.
-todd
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