toby.anderson.ta

DVS Bear divergence

Short
OMXCOP:DSV   DSV A/S
According to the 4h chart, DVS is showing massive bearish divergence on the MACD. A clear uptrend has been established, however in the short term (2 weeks or so), DVS looks like it is heading towards the lower trend line, presenting good sell opportunities. This is supported by trader sentiment, as the US closed the session with a large bear push on Friday, causing price to break below a smaller up-biased structure. This, paired with the divergence readings would indicate a drop in price over the next couple of weeks.
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.