Redback's Australian Stock Market Report
A daily report on the Australian Stock market and selected Australian stocks.
Monday, February 22, 2010
Morning Update 23/2/2010
Strong day yesterday.
RSI2 showing divergence from price.
Slow Stochastic is overbought and appears to be rolling over.
This looks like a short term sell signal.
I'll wait for a cross on the MACD on the one-hour chart.
Cheers
Red
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