Highlights

TradeVSA - Case Study

Author: TradeVSA   |   Latest post: Sat, 12 Oct 2019, 10:01 AM

 

Avoid Stock with Weak Background - Gamuda Bhd (5398.KL)

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Earlier September, we do share why you must avoid stock with weak background by using DRB-Hicom as case study. Please click on the case study below if you miss the post

 

https://klse.i3investor.com/…/tradevsa_case_study/173181.jsp

 

What is weakness?


In Volume Spread Analysis, weakness referring to the hidden potential selling such as Up-Thrust, No Demand and Sell-Off. Up-Thrust and No Demand usually happened during distribution stage and follow by Sell-Off which is the confirmation signal of distribution and the beginning of mark-down stage.

 

Based on Gamuda daily chart above, we have spotted some of the earlier weaknesses at the background:

 

1. No Demand (Jan 18) and Up-Thrust (April) signal at resistance level

 

2. Confirmation of distribution and the beginning of mark-down stage with the Sell-Off signal on 14 May 2018 with huge volume

 

3. Further distribution spotted again during re-distribution level at resistance level. Price unable to break above RM3.97 with few weaknesses (UT)

 

Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.

 

 

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UMA UMA UMA You should early early told us it's gamuda!
08/10/2018 4:54 PM
lime1015 Cannon behind the horse.
08/10/2018 4:59 PM
Choivo Capital Are you stupid ah?
08/10/2018 5:13 PM
bnmacai cannon behind the horse 1
08/10/2018 6:09 PM
godhand Hahahahaha
08/10/2018 7:00 PM
shortinvestor77 Better tell us now what is the bottom price for us to verify you are right, not the cannon behind horses.
08/10/2018 8:26 PM


 

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