ALRICH trade ideas
<TradeVSA> Why Smart Money still interested in OrionStrength in the chart:
1. Mark-up stage with re-accumulation
2. Low volume at support
3. No news from Public!
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Another Pullback by Orion?Strength in the chart
1. High volume upbars
2. Confirmation on accumulation
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Is Orion worth to trade?A shortly review for Orion based on follower request.
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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
Avoid Stock with Weak Background – Orion (0079.KL)Several weaknesses in the daily chart in Orion based on Volume Spread Analysis:
1. Spotted 2 distributions by Smart Money
2. Market stages just turned to accumulation by need more Sign of Strengths to confirm. No buy signals yet based on daily chart. Smart Money need time to accumulate and shakeout weak-holders before mark the price up.
3. High volume at the accumulation stage did not follow thru with mark-up stage. This indicate lack of interest by the smart money to continue to push the prices up or lots of supply in the market.
The analysis above is requested by our follower. Send us your preference stock to review based on TradeVSA chart by comment at below.
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