Thanks Rav,
Four on interest initially, tw daily and two weekly.
MIN & FMG (daily) have both recently broken down, and have now shown signs of potential support, these two, while interesting, can really only go on a watchlist until they push back over their breakdown lines.
MUS (weekly) has seen potentially strong support come in this week, look for a positive response next week.
IFN (weekly) has also seen some decent support come in this week, and is worth having a close look at if price shows signs of strength after a break above ~$1.00
..
..
But the most interesting chart by far.....by a real long way, was TEN on the weekly......this is one of the types of chart we are looking for in this scan.
Just compare the spread of this week's bar, to last week's (possibly climactic) bar, and then compare the volumes......
This week saw even higher volume, but spread was much, much narrower,
The only way this can be reconciled, is that strong buying came in this week, buying all the supply that was available, and that support kept the spread narrow.
- Forums
- Test
- Rav's Office
Thanks Rav, Four on interest initially, tw daily and two weekly....
- There are more pages in this discussion • 697 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)