TradeVSA - Case Study

Opportunity in KLSE Using Hourly Chart with +36% Return in 2 days – Prestariang (5204.KL)

TradeVSA
Publish date: Sat, 03 Nov 2018, 11:36 PM

 

Based on hourly chart above, Prestariang formed a classic Volume Spread Analysis buy setup. 18 Line Change signal is spotted (as highlighted in red box) after accumulation stage with high volume. The increases in volume indicates smart money is locking up the weak-hand holders.

 

Notice there were no Sign of Weakness after the price break above the resistance level. Currently price is pulling back to support level. Look for Spring, No Supply or Test signals to confirm the pullback.

 

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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.

 

 

 

Discussions
Be the first to like this. Showing 4 of 4 comments

Alex™

article too late. buy first, publish later

2018-11-04 14:37

TimmyTim

after facts, I think we all also can find many..

2018-11-04 16:32

Donald J. Trump

Yeahhhh Everyone can be a master at backward data

2018-11-04 18:33

Ammarros

Trump you are so correct. Cerita lama. Like paper lama.

2018-11-04 19:45

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