Large effective volume today with a pocket pivot in the last 10 days
I usually post a C&H pattern using the yearly high, but this is still a C&H pattern, just not a full year. Always important to me to look back to the long term monthly and weekly charts as I do not day trade unless I mess up. LOL
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For using the indicator you should basically understand: if the red line goes up, large players are buying on average, if it goes down, they are selling.
Pocket Pivor: The price goes up compared to yesterdays close and
the volume today is higher than the maximum down volume of the past 10 days
I do not see any rising wedges in the yearly chart
There are previous highs/21.67 for the past year, 3 year high is 34.75 and all time high of 39.45
NV and OBV are high for this stock
Not a recommendation
I usually post a C&H pattern using the yearly high, but this is still a C&H pattern, just not a full year. Always important to me to look back to the long term monthly and weekly charts as I do not day trade unless I mess up. LOL
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For using the indicator you should basically understand: if the red line goes up, large players are buying on average, if it goes down, they are selling.
Pocket Pivor: The price goes up compared to yesterdays close and
the volume today is higher than the maximum down volume of the past 10 days
I do not see any rising wedges in the yearly chart
There are previous highs/21.67 for the past year, 3 year high is 34.75 and all time high of 39.45
NV and OBV are high for this stock
Not a recommendation