SOL

19 de fev.

'Distance Divergence'. Similar to the traditional bullish or bearish divergence used when looking at a MACD, RSI or Stochastic, the 'distance divergence' is where the indicator (price distance vs moving average) develops a lower high or higher low vs the price. At current levels, Sasol (SOL) is printing a lower low however, the distance vs the 75-day EMA (i.e. the 50/100-EMA spread) is developing a higher low high, which may be a precursor to potential upside and an opportunity to take a buy/long position.