Short Term Trading Week Starting: 19 August, page-60

STTCOMP CNB TA LONG
It looks to me like the share has not been distributed yet , due to the lack of significant volume on the highs. The parallel line below, shows where the sp meets with some volume (which should be buying , as the sp always goes higher from this point , rather than lower . This parrallel line offers support . Then we see a dip back into the high volume area , and beneath it , being the shake-out beneath the buying zone - producing very little volume . The latest rise has been on increasing volume with a low volume pullback .