TradeVSA - Stock Trade Ideas

SCOMNET - Re-accumulation completed?

TradeVSA
Publish date: Tue, 09 Feb 2021, 11:39 AM

 

1. Re-accumulation stage

- pull back from previous mark-up stage

- sideway with decreasing volume

- narrow spread bar and SP signal formed a good support around 1.785

 

2. Potential mark-up stage

-increasing volume with wide spread bar

- Green Pentagon reappeared indicate increasing momentum from smart money

- well-supported above 20 MA

- 20/40 MA golden cross overr

- monitor for continuation of momentum above 20 MA

- Potentially challenging previous UT resistance at 2.38 soon

 

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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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