Watch | CBRE Long | Possible Bullish Divergence
Updated
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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