SUPERMAX CORPORATION BHDEducation
Enhance Your Trades with Market Stages - Supermax Corp (7106.KL)
Mastering the skill to read and identify market stages are crucial for your trades. Identify the market stages can further enhance your chances as you are likely to trade together with smart money. As a Volume Spread Analysis trader, we tend to look for Sign of Strength / Hidden Potential Buying during stage 1 and 2 and Sign of Weakness / Hidden Potential Selling during stage 3 and 4.
Based on the daily chart above, the market stages in Supermax chart is almost similar with Gamuda chart:
1. Up-Thrust are spotted at the resistance level after mark-up stage
2. Confirmation of distribution and beginning of mark-down with 2 Sell-Off bars
3. Re-distribution spotted again with Sign of Weakness and resistance at RM3.45
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.
Join TradeVSA community for 12 months membership. Learn to profit with Smart Money!
Contact Us for Info: +6010 266 9761
Contact Us for Info: +6010 266 9761
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.