I also have never quantified how well or otherwise bullish or...

I also have never quantified how well or otherwise bullish or bearish divergences work in practice. The problem is that they can often prematurely shake a trader out of a strong trend. I would like a dollar for the amount of times MACD has crossed down on a ALU chart during the last two years.

I look for strong stocks that have institutional support making new 6-month or 12-month highs. When ALU broke out of resistance on Aug 29, 2017, it was + 11.7% and supported by massive volume. This type of setup overrides oscillator divergences. That's why some traders scan for large price moves accompanied by unusually large volume.

When I scan the ASX 500, there is a filter on to prevent any stocks showing that are trading below the 200-day moving average. This greatly reduces the stock universe used for further analysis. Stocks trading below the 200-day EMA generally don't have fund manager support. Fortunately with EHL the 200-day EMA is well below the current price at $0.26.

ALU_AMI_APT_AX1_BPT_BIN_EHL_EVN_IGO_LYC_NXT_SAR_SXY