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VSTECS - Full Pull Back Completed?

TradeVSA
Publish date: Mon, 25 Jan 2021, 02:25 PM

VSTECS - Full Pull Back Completed?
 
1. Accumulation Stage 
- long period of accumulation stage with low volume 
- a lot of signals NS, SP , T and SP appeared to test the support 
- well- supported above 1.86 level 
 
2. Climactic volume with wide spread bar 
- climactic volume potentially changing the trend to mark-up stage 
- successfully stand above 20/40 MA 
- Green Pentagon signal appeared , enter into bullish trend zone 
 
3. Full pull back 
- Red down bar with low volume 
- pull back to bottom of wide spread up bar ( Full Pull Back ) 
- well supported above 20 MA , with decreasing volume , potentially decreasing sellers
 
After full pull back , potentially ready for the next mark-up , monitor for continuation of trend.
 

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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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