Analysis of LIN stock using Dr. Elder's THREE SCREENS methodAccording to Mr. Elder's method, I start my analysis with the senior chart, for me it's the Weekly. I look through the list of stocks looking for stocks with a price divergence to the MACD indicator. This is my "first Elder screen"
After that, I switch to the daily chart and look at the selected stocks on this time frame. This is my "second Elder screen"
And I do the same procedure with the selected charts on the hourly chart
This stock has not yet generated a signal on the hourly chart, but I have set an alert for a break of the previous top, and when it is broken, I would like to see a divergence of price to the MACD indicator. Then I will enter the trade.
