SBSW showing triple top w/ RSI divergence high
Published an idea on 9/13 on this one focusing on the RSI divergence.
Now it is making another divergence high after correction/consolidation. RSI, MFI and other are still showing divergence at this point. Another testimony that divergence highs for strong stocks are also a play to consider -- that is, buy pullback and adding positions as opposed to disposing positions -- until the real trend line is broken....
Also keep in mind trading this one is swimming with shark -- Jim Simons has major stake.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Now it is making another divergence high after correction/consolidation. RSI, MFI and other are still showing divergence at this point. Another testimony that divergence highs for strong stocks are also a play to consider -- that is, buy pullback and adding positions as opposed to disposing positions -- until the real trend line is broken....
Also keep in mind trading this one is swimming with shark -- Jim Simons has major stake.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Disclaimer
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