XDN has formed a corrective triangle and is about to break it. Volume is increasing. First target 100
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Interpretatation of OBV indicator :
"Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Granville noted in his research that OBV would often move before price."
Interpretatation of OBV indicator :
"Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Granville noted in his research that OBV would often move before price."
Comment:
Weekly chart looks great
Weekly chart looks great
Compare to RDD chart