IJM - Selling climax?
A down bar with average spread, closing on the low with an ultra high volume - a selling climax? If the spread is considered as low spread, then it should be called "bag-holding" according to VSA terms
Price is near a major support line, this kind of volume may indicate heavy buying of this counter by the professional money.
I'll wait for further VSA action, looking for any further sign of strength before opening any position.
Price is near a major support line, this kind of volume may indicate heavy buying of this counter by the professional money.
I'll wait for further VSA action, looking for any further sign of strength before opening any position.
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.