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Sell divergence

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sponono
Super Contributor
Beware of the sell divergence on the weekly and monthly charts.
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2 REPLIES 2
Russ
Super Contributor
I agree with you but I have tried shorting NPN several times without much success. Frans de Klerk (talking technicals) says technical analysis doesn't work on NPN-it just keeps going up!On the other hand he says at some stage it will crack.
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THRESHOLD
Super Contributor
Why he insists on analysing the local charts of what are to all intents and purposes offshore listings I will never know. You should be applying your tech analysis to the charts of the ZAR/USD, USD/YUAN and most importantly TENCENT. NPN is just a result of these charts.
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