August 29, 2016
Yoma Strategic Holdings Stock Chart
Another MACD convergence example, bullish MACD convergence, as said before MACD is a leading indicator. Bullish Convergence signal there is a possible change in direction, from bearish to bullish. However, it is just like traffic light, when you see the traffic light you may not have to stop your car, as the light is green. Likewise, when there is a bullish convergence the price will take a bit of time to turn around.
Pullback
This is more than a pullback, the last high, is higher than the last high. It is likely a reversal. The last high retest the 2015 level.
August 29, 2016 Yoma Strategic Holdings Weekly Chart
Moses Stock Column
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