abipandaswim
Closed over support with super high volume! Is the bearish trend over?
This is a review of my previous chart setup. The fakey setup worked giving us a 2.9% return. It might go up more but for me, this is a good stopping point.
I keep getting too optimistic but if you bought at the first support than congrats!
My last ATO setup said after high volume the stock likes to move up. This happened 3 more times with a max gain of 2.52% and a max loss of .56% on the 30min chart. I believe It still can happen again.
First candle to close over support
Double bottom on uptrend stock plus a bullish engulfing candle
Key level of support based on past history, high chance of getting a bounce around that area. It has to bounce back sometime right?
Bounced off support in the past PLUS bullish engulfing...
History has shown that the price surges after high volume..