Notice how the sequence of lower highs and lower lows was halted and price flipped around since September lows. Am watching this stock for a breakout above 450 to add more to my holding.
Yorum:
Word of Caution: Have a look at the updated chart of the stock.
Notice the spike in volume on Friday. The spike in volume is occurring right at the prior zone where a similar green candle with volume spike happened few weeks ago. Price then correction about 10% from the highs.
The inability to cross the recent highs, despite the volume spike, makes me slightly cautious / worried. A red candle on Monday (Oct.17) would mean that the stock is still not attracting big buying interest.
Better to wait for the price to clear the green line at 452+ before considering big ticket long positions.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Notice the spike in volume on Friday. The spike in volume is occurring right at the prior zone where a similar green candle with volume spike happened few weeks ago. Price then correction about 10% from the highs.
The inability to cross the recent highs, despite the volume spike, makes me slightly cautious / worried. A red candle on Monday (Oct.17) would mean that the stock is still not attracting big buying interest.
Better to wait for the price to clear the green line at 452+ before considering big ticket long positions.