Short Term Trading Week Starting: 5th Sept, page-471

  1. 6,451 Posts.
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    Just at glance without knowing more about the stock and it's trading patterns and behaviour, looks like it tried to breakout, the full body green candle good with volume but no confirmation following it, with lower volume and price drop with the candle following the green having an upper shadow showing the higher prices were rejected and then it dropped lower the next day again, looks a bit iffy for me i wouldn't enter on it at that point I'd wait but that's just looking at the chart alone. My take on it anyway at a glance.

    The true breakout was just prior where that first volume spike is and it gapped up, that would have been a good entry around that point.
 
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