A Question for Bulls???
Aktualisiert
I might be wrong..!
But let's think about:
Why do volumes decrease constantly while the prices go up in the past 6 days ???
Could this phenomenon be a bullish sign and show strength in the market?
I think, sooner or later this will play its role and affect the charts!
Any trend going higher at lower volumes is impending to reversal!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
But let's think about:
Why do volumes decrease constantly while the prices go up in the past 6 days ???
Could this phenomenon be a bullish sign and show strength in the market?
I think, sooner or later this will play its role and affect the charts!
Any trend going higher at lower volumes is impending to reversal!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Anmerkung
For breakout day volume, higher is better because above average breakout day volume suggests better post breakout performance with fewer failures. To make use of this finding, compare the breakout day's volume to the average of the 5 trading days before the breakout. If breakout day volume is above average, then you're set. This applies to both upward and downward breakouts.If breakout day volume is above the 5-day average, then expect a throwback or pullback. For upward breakouts, throwbacks occur 74% of the time if the breakout happens with above average volume. For downward breakouts, the pullback rate is 68%. Thus, you can wait for a throwback to complete and then jump into a stock when it begins recovering. That lowers your risk of failure in case the stock continues dropping during a throwback.
Thomas Bulkowski
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It seems the answer is clear by now!Anmerkung
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