TradeVSA - Stock Trade Ideas

Carimin (5257.KL) to Form Re-Accumulation with Failed Up-Thrust

TradeVSA
Publish date: Mon, 17 Dec 2018, 04:02 PM

 

Carimin daily chart shown 1st Sign of Weakness on 12 December 2018 after the breakout (18 Line Change signal) with +43% gained. We are expecting the stock to reverse after the Up-Thrust with high volume. The subsequent bars didn’t close lower and forming a narrow spread with low volume. Narrow spread bars with low volume is a sign of strength according to Volume Spread Analysis.

 

Based on the current chart pattern, we notice Carimin is forming a re-accumulation stage. Smart Money tend to test potential seller or supply in this period. We’re expecting the price for Carimin to move sideways and form a shakeout bar (Spring) at the support level.

 

Send us your preference stock to review based on TradeVSA chart by comment at below.

 

Interested to learn more?

· FREE Workshop, 29 December (Sun), 2pm: https://bit.ly/2rsig9p

· Visit our website for FREE Stock Screener: https://tradevsa.com/

· Contact us via: email at support@tradevsa.com or Call/WhatsApp at +6010 266 9761

 

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

 

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment