@RogerRamjet I have had a look at the daily chart of OCC 56.5 but it fails the first test in that there is not a good risk/reward to make it a decent trade for you to make money. There needs to be a gap at least twice the height of the demand zone before it is even seriously considered as a trading prospect. What is happening is the trade goes from the top line of the demand zone to the lower line of the supply zone so if you find a share with a good gap between the demand zone and the supply zone the better the risk/reward and the more profitable the trade. OCC is not a good share to trade from a supply/demand perspective.
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- Day Trader’s Aftermarket Lounge 20 Nov 2019
Day Trader’s Aftermarket Lounge 20 Nov 2019, page-54
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