1. Price Trend and Shape :
Consolidation between 395 and 455 for about 3 month period.
Forming multiple bottom pattern.
Monitor for neckline breakout, preferably with volume.
Multiple bottom potential price up fulfilment is 515.
2. Volume :
Volume contraction and below 50 day volume moving average.
Potential chips accumulation, as indicated by the yellow bars of Chips Master.
Volume as of 19Nov21 was about 10x of previous day.
This is relatively high. Need to monitor for low volume pull back on Monday if any.
4. Ladder Master :
Trend Ladder Master turned Green, signify a potential trend of moving up.
Fast Ladder Master also stepped up after several days' stepping down. Sign of short term moving up
5. MCDX Plus :
Profitable Chips is at 28.6. This is the level of chips accumulation by bankers.
If there is breakout with volume, Profitable chips level may move towards 50 or more.
Locked chips is relatively high. Posting sell down pressure potential.
Disclaimer : This is purely a Technical Analysis, no recommendation on buy/sell.
Consolidation between 395 and 455 for about 3 month period.
Forming multiple bottom pattern.
Monitor for neckline breakout, preferably with volume.
Multiple bottom potential price up fulfilment is 515.
2. Volume :
Volume contraction and below 50 day volume moving average.
Potential chips accumulation, as indicated by the yellow bars of Chips Master.
Volume as of 19Nov21 was about 10x of previous day.
This is relatively high. Need to monitor for low volume pull back on Monday if any.
4. Ladder Master :
Trend Ladder Master turned Green, signify a potential trend of moving up.
Fast Ladder Master also stepped up after several days' stepping down. Sign of short term moving up
5. MCDX Plus :
Profitable Chips is at 28.6. This is the level of chips accumulation by bankers.
If there is breakout with volume, Profitable chips level may move towards 50 or more.
Locked chips is relatively high. Posting sell down pressure potential.
Disclaimer : This is purely a Technical Analysis, no recommendation on buy/sell.
Monitor for retrace or low volume price down if any.