Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Thursday, March 10, 2011
AGQ Ultra Silver ETF Weekly Chart Topping
AGQ weekly chart a popular ETF. Not suprisingly, same profile as silver, SLV, and so forth, overbot, rising wedge and negative divergence. But taking a closer look the true negative divergence is only with the stochastics and money flow. RSI and histogram will want to see this price level again after a sell off occurs. Chart shows that a rolling top should form as the weeks tick by. The easy, and lucky money due to the Middle East turmoil jump in price, was made already, and many traders, as shown by money flow, are locking in these tastey profits. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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