SQI.V is not showing any 12, 26, 9 MACD positive divergence, and as we are dip picking, not bottom picking, SQI.V at this time is being represented by one chart only in the StockCharts Public Chart List ,we would like to see some divergence before relying on the supporting indicators, that at this time are positioned as bottoming or oversold. this is a momentum price drop, and the now .55 cent price target is in danger. We make no prediction, but wait for the 12,26,9 MACD divergence.
MACD price divergence with a price still dropping is a condition of trading that allows for one of the best type of entry conditions for catching the bounce on the cusp. Low risk, high profit potential.
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