TradeVSA - Case Study

A classic Volume Spread Analysis Setup - Hibiscus (5199.KL)

TradeVSA
Publish date: Mon, 01 Oct 2018, 04:54 PM

 

There are lots of indications of hidden potential buying from Smart Money based on Hibiscus daily chart above. 5 main signals you shouldn't miss in this chart:
 
1. 9 months of re-accumulation level as Smart Money is slowly removing the supply
 
2. A strong background (mark up) before the re-accumulation
 
3. Major Sign of Strength at the support level (NS bar on 13 Feb follow by Spring and Line Change) indicates Smart Money are buying at the lower prices
 
4. Increasing volume with line change at the resistance level show Smart Money are ready to push the price up after remove all the supply
 
5. Price successfully broke above the previous resistance by Pushing Through Supply level on 25 September 2018 with gap bar.
 
 
     
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djibaok

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2020-06-09 20:38

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