Also notice the OBV it has flattened out and is looking like it will turn. It shows that there is a divergence between price and OBV. It should be making a turn now.
Thursday, December 06, 2007
HD Review
Wanted to show a couple of graphs of Home Depot. The first is the trend lines. I am expecting it to go to at least 32 before it either breaks up or turns back down.
Also notice the OBV it has flattened out and is looking like it will turn. It shows that there is a divergence between price and OBV. It should be making a turn now.
Also notice the OBV it has flattened out and is looking like it will turn. It shows that there is a divergence between price and OBV. It should be making a turn now.
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