Usage of OBV, RSI and Volume
1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory.
2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market).
3. This is my analysis on the stocks:
a) Price making lower low and retesting a major trendline.
b) Low volume while retesting the trendline
c) A bullish divergence is shown in RSI indicator
d) A bullish divergence is shown in OBV
e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market).
3. This is my analysis on the stocks:
a) Price making lower low and retesting a major trendline.
b) Low volume while retesting the trendline
c) A bullish divergence is shown in RSI indicator
d) A bullish divergence is shown in OBV
e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
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