Wednesday, May 29, 2013

BEAV

I'm not sure BEAV can make it much higher, at least not on its own, the divergences just aren't there. BEAV could draft the market of course as most stocks tend to do, but on its own it doesn't look good.

If I didn't have a short equity position already open in BEAV, I'd consider this area for a partial position, maybe 50% of the intended position size and hope it will draft the market and add the rest on some price strength.

As it is, I'll probably add to BEAV short if we get a solid set up.

This may not look like a sharp negative divergence, but consider the 4 hour timeframe, it is one of the strongest negative divergences out there now.

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