VSA Analysis On ChinaMinZhong
Good Evening all,
Seeing improve traffic in my blog give me the motivation to write and share more.
Its not that i really care about all these visits.. Its more of acknowledgement that people do re-visit the blog when i post something new.
Whether you are looking for trade ideas, or learning VSA/TA, you are free to comment or send me an email and we can discuss things in-depth. No flamers please. Once again, free publicity to www.tradeguider.com , i shall have a link for them too. No affiliation or whatsoever.
If anyone had miss my post on ChinaMinZhong or can't see clearly in this blog. Do email me and I will send you the email that i sent to them on its marked up day. It is a very nice educational email in my opinon. Probably one of the easiest set up to identify. I am kind of lazy to re up-load. I can better spend my time uploading new stuffs.
Ok...back to CMZ...
Above is a daily chart on CMZ...
In the future, what will we expect?
1) Low demand upbar - Green/red candle sticks with low volume. Thin Spread. Likely close on the low.
2) High volume downwash, self explainatory.
Will it continue to raise further? Likely doubt so, with low demand, the same SM will not inject new funds into this dead cat. Unless another SM decided to long this stock, even so, they will face selling from the old SM.
Seeing improve traffic in my blog give me the motivation to write and share more.
Its not that i really care about all these visits.. Its more of acknowledgement that people do re-visit the blog when i post something new.
Whether you are looking for trade ideas, or learning VSA/TA, you are free to comment or send me an email and we can discuss things in-depth. No flamers please. Once again, free publicity to www.tradeguider.com , i shall have a link for them too. No affiliation or whatsoever.
If anyone had miss my post on ChinaMinZhong or can't see clearly in this blog. Do email me and I will send you the email that i sent to them on its marked up day. It is a very nice educational email in my opinon. Probably one of the easiest set up to identify. I am kind of lazy to re up-load. I can better spend my time uploading new stuffs.
Ok...back to CMZ...
In the future, what will we expect?
1) Low demand upbar - Green/red candle sticks with low volume. Thin Spread. Likely close on the low.
2) High volume downwash, self explainatory.
Will it continue to raise further? Likely doubt so, with low demand, the same SM will not inject new funds into this dead cat. Unless another SM decided to long this stock, even so, they will face selling from the old SM.
just like previous posts, not a buy/sell call. However, configuration is very negative. Do consider if you want to long
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