Divergence is seen in the stock. Price making higher High and the oscillator making Lower High. When Divergences are seen the majority of the time, we see a change in trend in coming days. In security we are seeing the same. If we draw a regression line as well the security is trading below the regression line. The security has a tendency of taking support at the Ema, so EMA will play a role of target.

The DMI+ has changed trend and the DMI- is increasing.

When the DMI is falling it is better not to go in the same trend.

Sell

Sep 05 2021