Bullish Velocity Divergence Signaling A Reversal
NASDAQ:PBTS - Just recently made it’s 3rd bullish divergence with the daily velocity, signaling that it’s time for price to come back and retest the daily trigger. (Daily velo divergence, retest daily trigger) This is a simple system that is almost flawless. Given the circumstances and what this tickers been through recently, I’d say we’ve got about a 75-80% chance of this retest happening. Considering the daily trigger is currently sitting at .58 (100% increase) it’s a good play for small risk, HIGH reward. NFA
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