ASX:PGH - MACD divergence on defensive stock $PGH
Aggiornato
MACD recording higher lows whilst prices are trending down. Strong volume could help this one turn around again soon.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
Commento
This has tracked nicely. I expect this to continue on the upward trajectory.
For the conservative traders, there isn't much to act as resistance to confirm a reversal, so the crossover of the MACD would be the thing to watch.
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