Dear Traderji and Senior members,
I have a query. I am invested in Colgate. According to me MACD is in divergence with the trend. Trend is moving up and MACD is moving down. The 9 day crossover is above the MACD-what i understand by that is a sell signal. Now its just touching it again. Even if we draw a trend line on RSI it shows a down trend. RSI is moving down. But the stock is moving up. Am i reading the indicators wrong. Please advice me regarding the same.
Regards
Rahul
I have a query. I am invested in Colgate. According to me MACD is in divergence with the trend. Trend is moving up and MACD is moving down. The 9 day crossover is above the MACD-what i understand by that is a sell signal. Now its just touching it again. Even if we draw a trend line on RSI it shows a down trend. RSI is moving down. But the stock is moving up. Am i reading the indicators wrong. Please advice me regarding the same.
Regards
Rahul