XL Media ready for a breakout upwards?
XLMI like the volume reducing from the left to the right of the chart from the past few weeks on these topping candles.
Price has clearly been rejected every time, but the volume is also coming down.
There is also the rising lows, gradually moving upwards. For me if there are professionals building positions here it looks like the supply is starting to dry up, and they will forced to buy into higher prices soon.
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.