Watch | CBRE Long | Possible Bullish Divergence
CBRECBRE shows a possible bullish divergence in its daily chart.
Prices moved to a new low but MACD didn't. Once MACD ticks up and completes with a shallower bar this is a buy signal.
There were some false signals before so setting tight stops can help. A new bullish divergence can happen after some false.
Note: Because weekly points down this is only a short term long opportunity.
I will update this with possible entry levels should the divergence occur.
Trade active
Bullish Divergence occured in Daily channel and gave a buy signal.
Also price are on lower channel border and provide a good entry.
Entry: 44.10
Stop Loss: 43.18
Profit Target: 45.10 (value zone between EMAs)
Trade active
Divergence in process as expectedTrade closed: stop reached
We have been stopped out here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.