Mixed signals .... who would have believed?

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Derek  19 Mar 2018

Morning,

International:
Europe and the US closed positively on Friday. The East has mixed signals this morning with the Nikkei negative and the rest positive.

I show the HangSeng that is busy forming a J-Curve (looks like one - but unconfirmed) and still above the EMA8 line.



Caterpillar is showing rising bottoms and closed above the EMA8 line, but just below my trend line.



JSE Technical:
Who would have believed that Remgro would move into a negative Trend Factor? Look at the divergence at the double top when it started correcting.



Bidvest has made a doji on first support. Keep an eye on this one, but no turn or break of trend lines yet. Notice the divergence similar to Remgro at the top.



Divergence:
Never ignore divergence at top or bottoms. It is usually very accurate, I would be so bold as to say about 98% accurate.

Enjoy your day.

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