DNA OBV Detailed Technical Assessment
Building on developments around Ginkgo Biowork’s cell programming platform which enables the growth of biotechnology across diverse markets, from food to fragrance to pharmaceuticals.
Today I would like to present detailed assessment of OBV (on balance volume) indicator re DNA.
In theory, volume goes first the price follows. OBV is increasing when volume on up days exceeds volume on down days. The reverse is true for when OBV is decreasing.
The focus of the assessment is on the fact that every consecutive bottom had higher OBV low. Please see five circles and corresponding bottoms of OBV chart.
In my view it could indicate every bottom is bought out at higher volume which is commensurate to accumulation/distribution line trend.
It is just my thoughts, do you own research. It is not a financial advice
Today I would like to present detailed assessment of OBV (on balance volume) indicator re DNA.
In theory, volume goes first the price follows. OBV is increasing when volume on up days exceeds volume on down days. The reverse is true for when OBV is decreasing.
The focus of the assessment is on the fact that every consecutive bottom had higher OBV low. Please see five circles and corresponding bottoms of OBV chart.
In my view it could indicate every bottom is bought out at higher volume which is commensurate to accumulation/distribution line trend.
It is just my thoughts, do you own research. It is not a financial advice
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