TradeVSA - Stock Trade Ideas
MFCB - Breakout successful?
MFCB - Breakout successful?
1. Shakeout
- Red bar with low volume
- followed by Green Pentagon and SP signal
- smart money shakeout weak hand holders
2. Potential Mark-up stage
- wide spread bar with increasing volume
- 20/40 MA golden cross over with increasing momentum
3. Ready to breakout
-narrow spread bar testing seller at resistance level of 7.83
- down bar with low volume
- wait for confirmation of breakout
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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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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
