The Traderszone Network

Published in TZ Latest News 12 November, 2017 by The TZ Newswire Staff

Want To Know When To Sell? Terex Is A Perfect Example

In September, Terex Corp (TEX) saw big volume accompany a breakout of a bullish rectangular consolidation phase.  After weeks of trending higher, momentum began to slow and TEX printed a “death” candle – a shooting star on big volume to end the uptrend.  If there’s one signal that screams at me to sell, it’s the combination of a negative divergence and a reversing candle on volume.  Look at the chart below:

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