Demonstration of Hidden Bearish Divergence on TDOC.
Disclaimer: I don't own shares of TDOC . This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works.
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit, however, traders who would have observed the chart more closely & were aware of the developing hidden bearish divergence between price & RSI would have ensured not to go long at the wrong time. Price after the hidden bearish developed dropped from around $156 to about $67.
All the best!
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit, however, traders who would have observed the chart more closely & were aware of the developing hidden bearish divergence between price & RSI would have ensured not to go long at the wrong time. Price after the hidden bearish developed dropped from around $156 to about $67.
All the best!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.