TradeVSA - Stock Trade Ideas

Tiong Nam: Confirmation on Reversal…Ready to Breakout Soon?

TradeVSA
Publish date: Mon, 16 Dec 2019, 03:13 PM

TradeVSA Weekly Chart

 

Strength in the chart:

  1. Changed in trend with high volume
  2. Green pentagon appear to confirm strength in the accumulation
  3. Lots of sign of strength at the new support

 

TradeVSA Daily Chart

 

Strength in the chart:

  1. Confirmation reversal with bullish signal and high volume line change
  2. Price testing at support with low volume
  3. Volume increase again with gap up to re-test resistance

 

Price trying at support again near NS signal. Possible to re-test at resistance (RM0.58) soon.

 

Watch the video below for more details about Tiong Nam using Volume Spread Analysis:

12 December 2019

https://www.tradingview.com/chart/TNLOGIS/zqkIlSCk-TradeVSA-Strong-support-at-Tiong-Nam/

 

16 December 2019

https://www.tradingview.com/chart/TNLOGIS/QJHGebJ0-TradeVSA-Low-Volume-in-Tiong-Nam/

 

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