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Volume Indicator

JSE:FSR First Rand New Re-accumulation RangeFSR has a similar structure to RMH (See link below). FSR has also found support at the previous accumulation range and the Yearly Pivot Point. With the Rand (ZAR) strengthening (See link below) this also provides support. The high volume after the breakout can be seen as a Buying Climax (BC). The bottom of the range provides support on higher demand volume. We have now tested it again and the OBV is indicating the upward pressure. Will be looking for a test of the top of the trading range.
JSE:FSRLong
by SteynTrade
USDCAD a What is strong rejection of higher prices? There are one intraday levels what will be interest me in this week. This Intraday short levels are based on : Volume accumulation + Strong rejection of higher prices What is strong rejection of higher prices? This pattern is made when the price goes one way aggressively and then turns quickly and with the same aggression and speed goes the other way. A classic example would by a type of candle called the " pin bar". But pin bar is not the only visual form of strong rejection. There are many ways a strong rejection can look like! Happy trading Dale
by Trader_Dale
JSE:RMI Rand Merchant Investments DistributionRMI has been looking week since April 2015. After the Buying Climax (BC) and Automatic Rally (AR) was formed the stock has been week and kept moving below the trading range. After some last effort to move to the top of the trading range we see volume drying up indicating that the large players have completed the distribution after the initial increase in volume. The OBV has shown divergence with the price. After breaking the 200 Week MA was broken and retested it looks like the stock is ready to be marked down. The next significant points of interest could be as low as 2662 or even 2257 which is about a 30% decrease in price.
JSE:OUTShort
by SteynTrade
2
JSE:SGL Sibanye Gold Markup to the Redistribution RangeI have been watching this trading range develop during September and it looks like Sibanye is ready to be marked up back to the redistribution trading range. The downward stride has been broken and a shorter term base formed. There has been low volume pullback to Last Points of Supply (LPSY) which coincides with the 50 Day SMA. The Volume RSI has indicated divergence to go long. There is Signs of Strength (SOS) in the last move up. The next markup in Phase D of the shorter term accumulation range could extend to the 200 Day SMA around 1050 (Volume cluster of volume profile). This potentially will be followed by a backup to the accumulation range and then the Phase E markup potentially will start with a target of the bottom of the previous redistribution range and possibly 1500.
SLong
by SteynTrade
JSE:SOL Sasol Mark-up ContinuingStarting a new post for October to track the structure of SOL (See link below for Septembers post). Last month it looked like the markup had started and trading in a strong upward channel. At the end of the month the lower support line seemed to have broken. However, there has been effort to break the trend without response (high down volume but no progress in price). This effort is also seen in the negative divergence of price with the OBV. The 50 SMA seems to be a level of interest for buyers. If the 50 SMA is broken there could be more downside back to the accumulation range. If it holds and we could see a further markup to levels around 61800 and possibly even breaking the previous high at 65200.
JSE:SOLLong
by SteynTrade
JSE:DSY Discovery showing strengthDiscovery (JSE:DSY) is showing strong leadership as compared the JSE Wyckoff Wave (10 Core JSE stocks). The OBV is indicating bullish pressure. The stock has broken the 200 Day SMA, is above the Monthly and Yearly Pivot Points and is now pushing up against a significant volume cluster at 180 formed by the consolidation at the previous highs. On Thursday there was significant volume pushing up to this level and the JSE Top40 has also shown strength. If price pushes above the 180 level, the previous high could be tested with momentum behind it.
JSE:DSYLong
by SteynTrade
AUD/USD short from 0.7388There was a very long rotation on the AUD/USD. Now it seems that the price finally broke out of the channel into a sell-off. If this selling wasn’t just a false break-out then it indicates that there was a lot of short positions accumulated within the rotation area. Most of them at 0.7388 – this is the POC of the rotation. When the price makes a pullback to this area I expect that the sellers will defend their selling positions aggressively and that they will push the price lower again.
by Trader_Dale
4
NZD/CAD short from 0. 8767This trade idea is based mostly on a Trend setup. There is a strong downtrend on the NZD/CAD right now. In such case, I look for volume clusters that were created within the downtrend. Such a volume cluster as around 0.8767 shows us that sellers were adding to their selling positions there and that they continued pushing the price lower from this area. When the price makes it back to this area again (pullback), then those sellers are likely to defend their positions and push the price lower. Another confirmation of this level is as Support becoming resistance Price Action setup. Quite near our short level, there was a pretty strong rejection of this level in the past – marked in blue. This indicates that it was a strong support in the past. When the price went through this support then it became a resistance. There is one more thing about this level which I like – it is the pinbar candlestick (I marked it in the red rectangle). This pinbar shows us aggressivity of sellers, which again confirms the idea of a short trade from 0.8767.
by Trader_Dale
EUR/GBP long from 0.885Another very nice volume accumulation setup is currently on the EUR/GBP. What I like about this long level is the aggressive rejection of lower prices which occurred right before the start of the trend. This shows the strength of buyers who rejected lower prices and pushed the price upwards. Those buyers were accumulating their positions in the rotation area before the start of the trend. When the price makes it back to this level, those buyers will most likely defend their positions and they will push the price higher again.
by Trader_Dale
1
$BIOAQ News Drops Stock with A great chance for a Major Bounce $BIOAQ's stock dropped more than 90% today presenting people who had not gotten in the play yet a chance to play a major swing trade for the potential of 200% or more ROI. Here's why: Many people are suspecting Rick the current CEO to have gone rogue and put out a false PR today given that the company has been in the process of finding bidders to buy it. The PR put out today only has contact info for Rick and all PRs before had contact info for $BIOAQ also the PR stated the company is still in the process of finding buyers to save it giving a two week timeframe from now. Which means in the next two weeks (If the PR is even real and from the company directors and not just something the CEO put out himself without the other directors permission) buyers should be flocking back in taking it up to at least .045 or even .05 with an anticipated high of maybe even .06 if the FOMO is good enough. That being said the news as bad as it was wasn't the worse possible news the company could have gotten, it basically says there is a chance of saving it still, so the drop today was a major overreaction as is expected down here in the OTC. This morning's Press Release: BioAmber Provides Update on Sales Process Jul 30, 2018 MONTREAL, July 30, 2018 /CNW Telbec/ - BioAmber Inc. (OTCPK: BIOAQ) announces that the current stage of the Sales and Investor Solicitation Process (SISP) has concluded without an acceptable offer having been received from a Qualified Bidder as of the due date of July 27, 2018. The company will now seek to obtain court approval to pursue liquidation as well as alternative offers in order to realize the greatest value on behalf of its creditors. Moving forward, subject to the approval of the court and with support from its monitor or receiver appointed by the court, the company intends to: •solicit liquidators to bid on the acquisition and disposal of the company's assets, including the Sarnia plant; •continue to actively engage with Qualified Bidders and other interested parties to determine if, and under what terms, a transaction that would result in the continuation of the company's operations is still possible. We estimate this process will be conducted over an approximate two-week period with a target conclusion date of August 14. The company will engage with Maynbridge Capital, its interim lender, and all other secured lenders to determine the best going-forward strategy. "We are clearly disappointed that the Qualified Bidders did not place an acceptable offer for Bioamber," stated Richard Eno, CEO. "We will continue to be actively engaged with potential investors to seek an acceptable transaction and avoid the liquidation of the company's assets. Most importantly, I'd like to thank our dedicated and highly capable employees for their outstanding service to the company." Potential investors can contact Richard Eno in order to express interest in acquiring the assets or investing in the business. Note that there can be no guarantee that the company will be successful in securing further financing or achieving its restructuring objectives. Failure by the company to achieve its financing and restructuring goals will likely result in the company and its subsidiaries being liquidated. Liquidation will almost certainly result in no residual value for non-secured creditors and equity investors.
BLong
by StockGuild
#BTC $BTCUSD 4H Update AnalysisOn chart is shown a partial of circular support and resistance purple-colored lines. Support at 6650 and 6550 Resistance at 6850 and 7200 2 PRs: PR1 trgt = 6605 (reached) (=strong signal) -- further uptrending momentum is likely - failing more than 2 PR failures. PR2 trgt = 7034.51 (Not yet reached) -- needs more time till proven failed (=avg strength signal w/BearishDiv) MAs are Positive on price. RSI wma45 is positive 1 NR: Failed on 4H 1 NR: Still putting negative pressure on 12H frame Entry made @ 6500 - June 18th 50% position sold ~ 6730 June 20th placed stop 1: 6525 placed stop 2: 6300 Re-entry @ breakout of 6800 - 6900 zone with valid volume on 4H frame Odds: 60% Up 40% Dn
BITSTAMP:BTCUSDLong
by tatrader77