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suissedivergence

Overbought weekly RSI with (daily) divergence in OBV and RSI14

Short
Microsoft Corp. (NASDAQ:MSFT)  
suissedivergence  
NASDAQ:MSFT   Microsoft Corp.
Technical Indicators Oscillators Volume risky against trend Relative Strength Index (RSI) On Balance Volume (OBV) overbought suissedivergence
4
1
indicator oscillator volumestudies risky against trend relativestrengthindex onbalancevolume overbought suissedivergence
As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses.
If the short plays out well I would try to make the trade even bigger! ;)

Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
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