Divergent in RSI so uptrend incoming
Hello everyone,
So UNILEVER is in a strong down trend since the earnings were published (why, I have no idea).
However I see a divergent in the RSI. RSI goes up, while the trend is going down.
I think that the trend will go up soon, because of the indicator. Hopefully it will break trough the SMMA 20.
My price target will be 3783 GBX, the first resistance. After this one is broken, it can push through the 4000.
This is my first Technical Analyse ever.
Please feel free to leave a comment and give me advice/feedback.
Have a nice evening,
Lorenzo
(Netherlands)
So UNILEVER is in a strong down trend since the earnings were published (why, I have no idea).
However I see a divergent in the RSI. RSI goes up, while the trend is going down.
I think that the trend will go up soon, because of the indicator. Hopefully it will break trough the SMMA 20.
My price target will be 3783 GBX, the first resistance. After this one is broken, it can push through the 4000.
This is my first Technical Analyse ever.
Please feel free to leave a comment and give me advice/feedback.
Have a nice evening,
Lorenzo
(Netherlands)
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