The RS versus the MSCI World Index has already broken though resistance at line g.
The iShares MSCI United Kingdom ( EWU) gapped through resistance at line e, on April 25.
Heavy volume last week dropped the OBV below its WMA and support at line f.
The OBV then violated support at line d in mid-April, confirming this negative divergence.
The divergence was confirmed when the OBV dropped below its support at line d.
The OBV staged another rally early in 2013 when resistance at line d, was overcome.
The RS line has confirmed the recent highs, with long-term support at line c.
The reversal in early May dropped the relative performance, or RS, below support at line b.
The RS line has bounced from its WMA, with more important support at line i.
The OBV completed its bottom in December when resistance at line g was overcome.
The daily OBV has broken out of a bottom formation, having overcome resistance at line f.
The OBV is above its WMA but below the long-term resistance at line f.
The OBV has first resistance at line i with stronger at the downtrend, line h.
Volume has heavy last week as the OBV pushed above the resistance at line i.
The relative performance completed its bottom formation in October as resistance at line d was overcome.
The daily OBV broke through resistance at line e in early April, preceding the strong gains.
The more important support for the relative performance at line f was broken on October 18.
The weekly OBV is now above its WMA but has major resistance now at line e.
The heavy selling in early April (point 1) dropped the OBV below support at line g.
The RS line has completed its bottom formation by moving through resistance at line e.
On-balance volume (OBV) confirmed the breakout when it moved through resistance at line c.
The OBV also completed its bottom in January as resistance at line c, was overcome.
Two weeks after the highs (line 1), the RSI dropped below key support at line C.
It is just above next support (line a) with more important support at line c.
The daily relative performance has turned lower, and it has good support at line g.
Two weeks later it overcame the resistance at line b and completed its continuation pattern.
This divergence was confirmed in early 2012 when the OBV resistance at line g, was overcome.
The uptrend in the OBV (line h) does indicate accumulation, with next resistance at line g.
By early January, the weekly OBV had moved above its resistance at line i.
The OBV did make new highs and is above its WMA and support at line c.
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