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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: RG who wrote (20139)4/14/1999 11:50:00 AM
From: Denise D  Read Replies (2) of 37507
 
RG,

See my post, and take a look at the 10-d chart I have linked.

Message 8909585

I am anxiously awaiting the MACD divergence to cross back into positive.

On the bottom part of the chart (oscillators):
You see how the red MACD line fell below the blue line and the divergence crossed into the negative on Friday when the retracement began? Well, the divergence is getting ready to cross back into positive as is the MACD line to climb above the EMA.

On the price action:
Notice that the faster MA has slipped above the two other MAs? This is called the triple crossover method of moving averages. When the faster MA goes above the other two, it is an early buy signal, meaning the price action should continue to climb.

Denise.
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