ORIENTAL BANK - Triple Top Formation
Обновлено
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.
Volumes in this stock has previously also failed to follow up with good rallies.
Can be looked to short below the trendline.
Заметка
The 15 min chart shows above average volume. Take this into consideration too.
Заметка
Hence, go long in the case of breakout with good volumes.Заметка
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.Заметка
Closing above the line. Not weak. No shorts.Заметка
23 Mar : As suggeested , no shorts to be taken. It has given good follow through. Initiate longs, shows good signs of strength.Заметка
Longs initiated have given 3 % gains today.Заметка
7.5 % up today. That's great :)Заметка
Lesson revisited : Volumes do matter as always.
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