TradeVSA - Stock Trade Ideas

Top Glove - Inverse Pullback and Continue on the Mark-Down Stage?

TradeVSA
Publish date: Mon, 28 Dec 2020, 02:52 PM

 

1. Red Pentagon + Price breaking below 20/40MA
- Potential change of trend from Distribution to Mark-Down

2. Confirmation on mark-down and inverse pullback with Up-Thrust
- Rejection on 40MA

3. Green Pentagon but no follow thru above 20/40MA
- Confirmation on weakness in the background

4. No Demand appeared on 40MA

5. Up-thrust at 40MA.
- Price reject again to change the trend

 

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