Let's hustle with indicators! (MACD for 9/30)
Hey mooers, welcome to Technical DNA's column![]()
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. I'm using technical indicators to seek good investment opportunities. Today I'm going to introduce an extremely useful indicator, the MACD divergence![]()
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What is MACD divergence?
The 'MACD divergence' is a situation where the price creates higher tops and the MACD creates a raw of lower tops, or the price creates a lower bottom and the MACD creates higher bottoms, MACD divergence after a significant uptrend indicates that the buyers are losing power and MACD divergence after downtrend indicates the sellers losing power.
Therefore, the indicator 'MACD bottom divergence' aims to find stocks that are likely to go up in the future.
Technical DNA collects 10 most-traded bottom divergence tickers from stocks with market cap of more than $2B, aiming to help investors look for good investment opportunities.
$Zoom Video Communications (ZM.US)$ $Roku Inc (ROKU.US)$ $Coinbase (COIN.US)$ $Barrick Gold (GOLD.US)$ $NXP Semiconductors (NXPI.US)$
$Zoom Video Communications (ZM.US)$ $Roku Inc (ROKU.US)$ $Coinbase (COIN.US)$ $Barrick Gold (GOLD.US)$ $NXP Semiconductors (NXPI.US)$
Btw I'm collecting feedbacks so please leave your comments here if you have any suggestions, and I will continue to improve! ![]()
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Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Hoot9e : So Barrick will up or down today, to confirm your skill
sky vinc : ok
Mike Hunt : The 2 factors always are the strength of the dollar and bond yields. 10 year bond dropped huge today.
Mike Hunt : $Roku Inc (ROKU.US)$ has great fundamentals but the chart has been ugly. Hopefully turning around!
Technical DNA OP Mike Hunt : Hey Mike Hunt, thanks for your comment![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Yup, ROKU is a good stock to buy, besides the bottom divergence, there’s a clear double top at $500 if you look at the chart. That’s a fancy way of saying that’s where the sellers sit, but conversely, right at that $300 level, right around where the stock is trading now, that has been where the buyers have showed up over the last few months — that’s the support level
Good luck Pal
Valery S : Zoom-shld be able to buy small position today?
Technical DNA OP Valery S : Hey Valery S![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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I post this yesterday and it was a good chance to buy ZM, but now, yes, I still think you can buy it. If you look at the chat you’ll find there’s an obvious MACD divergence. So the buy side power could last for a period of time
Technical DNA OP Valery S : *chart![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mike Hunt : How about a list of tickers trading with a P/B of less than 1 ( but of course not negative). Stocks like $SOS Ltd (SOS.US)$ and $Nano Dimension (NNDM.US)$ because to me, those are arbitrage opportunities