WMG - Shakeout Completed..Ready to Head to Resistance soon!1. High volume Line Change
- Great effort bar to monitor for potential support and resistance
2. Shakeout area
- Removal of weak-hand holders
3. Shakeout completed with high volume
- Confirmation of Strength signal with higher volume
- NS at the previous support (low of Line Change)
Looking for low risk entry near low of NS bar
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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
VSA
<TradeVSA> IFCA - Reversal Completed...Ready for Resistance !1. Accumulation Stage
- NS as support
- LIne Change high volume indicating buyer in accumulation
2. Shakeout to remove weak-hand holders
- A wash with Spring before test resistance in accumulation
3. CoC Setup follow by NS signal
- Reversal completd with CoC
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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
<TradeVSA> Dnex - Reversal Setup is Ready!1. Mark-Down with average to low volume
2. Potential Change of trend with high volume Line Change bar
3. CoC setup with strong confirmation on removal of weakhand holders
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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
Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI.
- Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing.
- Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session).
- Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174).
- Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
<TradeVSA> KLSE Counters - Budget 2021PPE
1. Komark
2. Notion
3. Prolexus
4. Caely
5. Nova Wellness Group
COVID Test Kits
1. Hong Seng
2. ACO
3. Nexgram
Infrastructure
1. MMC corp
2. Gamuda
3. George Keng
4. Gabungan AQRS
5. Pansar
6. Bina Puri
Telco
1. Telekom
2. Maxis
3. Digi
4. Axiata
Property Development
1. Eco world
2. SP Setia
3. Sime Darby
4. IOI Properties
5. Mahsing
6. Titijaya
National Sovereignty
1. Destini
2. Boustead Heavy Industries Corp
Technology
1. INARI
2. Vitrox
3. UMC
4. All of whom located in batu kawan industrial park
Buses
1. KTB
2. GETS
cigarettes
1. BAT
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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
Axiata Back Testing - Sequence of Volume Spread AnalysisVSA Technique - analyze the price actions in comparison with the volume and spread change.
Climatic Candle, C1
- Range spread > 50%
- Volume > SMA (14)
- Better not in the 1st bar of the new trend.
Exhaustion Candle, C2
- Appeared after C1, same trend
- Range Spread < 50%
- Volume > SMA (14)
Lack of Support, C3
- Appeared after C2, same trend
- No requirement for the range spread
- Volume < SMA (14)
- Seller exhausted since they can't sell more. Standby for the reversal.
Reversal Candle, C4
- Appeared after C3, opposite trend
- No requirement for the range spread
- Volume > SMA (14), not a must but good to have
- Body of C4 candle shall cover the body of C3 candle
Always check multiple TF before analyzing the VSA to determine support and resistance levels. VSA can be used on any TF and compare the volume bar with the preceding 2-4 volume bars to determine the smart money movement. May add another indicators such as MACD (to confirm on the BO) and Moving Average (to ride the trends)
Keep practicing VSA, insyaAllah the trading success % will increase over time.
Ride the trend and enjoy!!