From the chart, it is seen that a steeper price movement is observed along with a high volume. At the end of this movement, there is a sideways movement for about a week with a significantly lower volume indicating the inadequacy of counter part. The breakout occurs with high volume indicating the aggressiveness of buyers. Hence, the price is expected to move further. It is recommended to create a Long position.

1 Comment
  1. EQSIS 7 years ago

    Good work, nice observation

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