Based on hourly chart above, Prestariang formed a classic Volume Spread Analysis buy setup. 18 Line Change signal is spotted (as highlighted in red box) after accumulation stage with high volume. The increases in volume indicates smart money is locking up the weak-hand holders.
Notice there were no Sign of Weakness after the price break above the resistance level. Currently price is pulling back to support level. Look for Spring, No Supply or Test signals to confirm the pullback.
Notice there were no Sign of Weakness after the price break above the resistance level. Currently price is pulling back to support level. Look for Spring, No Supply or Test signals to confirm the pullback.
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Join TradeVSA community for 12 months membership. Learn to profit with Smart Money!
Contact Us for Info: +6010 266 9761
Contact Us for Info: +6010 266 9761
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.