TradeVSA - Case Study

Carimin (5257.KL) Showing Sign of Weakness with Up-Thrust

TradeVSA
Publish date: Wed, 12 Dec 2018, 09:46 PM

The Up-Thrust from Volume Spread Analysis is a money-making manoeuvre by the Smart Money to trap the unwary into buying. Prices are marked up at the open. High volume shows selling by the Smart Money while low volume shows their lack of interest in the upside.

 

After you witnessed a sign of weakness (SOW), the next 2 to 3 bars are important as a confirmation of this weakness. Example of SoW we spotted in Carimin after a gained of +32% since the beginning of Mark-Up stage. The daily chart show there are distribution at the top with high volume.

 

Lookout for Sell-Off bar with high volume as this is the confirmation of distribution by the Smart Money.

 

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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

 

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