TRV monthly chart has a huge MACD divergence

The MACD divergence on the long term chart of TRV indicates prices should be near the $128 level. The topping pattern forming on the daily seems to add credibility that this move is over. The daily chart closed near the low today and the MACD on daily is diverging down. Those who follow other time frames will note the weekly while in a large double top too of course, has no MACD divergence. No point in fighting the tide on TRV though. Will look at some puts tomorrow not too far out of the money.

評論:

picked up some June 21, 145 puts this morning at around 2.70, not much volume on the options picking up now trading at 3.40. might hold these while longer. Further OTM options were low or no volume so stayed clear.