Avoid Stock with Weak Background – Orion (0079.KL)

Several weaknesses in the daily chart in Orion based on Volume Spread Analysis:

1. Spotted 2 distributions by Smart Money
2. Market stages just turned to accumulation by need more Sign of Strengths to confirm. No buy signals yet based on daily chart. Smart Money need time to accumulate and shakeout weak-holders before mark the price up.
3. High volume at the accumulation stage did not follow thru with mark-up stage. This indicate lack of interest by the smart money to continue to push the prices up or lots of supply in the market.

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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