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dravya
21 Mar 2017 pukul 11.22

ORIENTAL BANK - Triple Top Formation Penjualan

Deskripsi

The stock has formed a doji on having a triple top formation.

Volumes in this stock has previously also failed to follow up with good rallies.

Can be looked to short below the trendline.

Komentar

The 15 min chart shows above average volume.
Take this into consideration too.

Komentar

Hence, go long in the case of breakout with good volumes.

Komentar

Volumes don't matter in this stock . Proven today again. Classic reversal from triple top and trendline has been broken. Unless it sustains above the line for a while, stock's weak. Shorting opportunity.

Komentar

Closing above the line. Not weak. No shorts.

Komentar

23 Mar : As suggeested , no shorts to be taken. It has given good follow through. Initiate longs, shows good signs of strength.

Komentar

Longs initiated have given 3 % gains today.

Komentar

7.5 % up today. That's great :)

Komentar

Lesson revisited : Volumes do matter as always.
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