BVS testing support - positive divergence

Bravura is testing support at the 2.80ish level for the 3rd time in the past 13months.Using LonsomeTheBlue's Divergence indicator you can see that BVS reacts quite decisively to major divergence points. Last week's close has thrown up divergence on 5 different indicators on the Weekly chart; this combined with a support level may be reason to throw this on your "watch and see" radar. Certainly a close above 3.29 in the next fortnight would have me go long. Holders will be nervous with Earnings shortly but divergence suggests a trend change is imminent.

Kommentera:

3.29 if its not obvious, is marks a breakout from the bearish channel that's resisted upward pressure for the last few months.