ORIENTAL BANK - Triple Top Formation
تم تحديثه
The stock has formed a doji on having a triple top formation.
Volumes in this stock has previously also failed to follow up with good rallies.
Can be looked to short below the trendline.
Volumes in this stock has previously also failed to follow up with good rallies.
Can be looked to short below the trendline.
ملاحظة
The 15 min chart shows above average volume. Take this into consideration too.
ملاحظة
Hence, go long in the case of breakout with good volumes.ملاحظة
Volumes don't matter in this stock . Proven today again. Classic reversal from triple top and trendline has been broken. Unless it sustains above the line for a while, stock's weak. Shorting opportunity.ملاحظة
Closing above the line. Not weak. No shorts.ملاحظة
23 Mar : As suggeested , no shorts to be taken. It has given good follow through. Initiate longs, shows good signs of strength.ملاحظة
Longs initiated have given 3 % gains today.ملاحظة
7.5 % up today. That's great :)ملاحظة
Lesson revisited : Volumes do matter as always.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.