Yes we need High Volume and it has started appearing on Daily charts in last three days.
Further, if a 10 day SMA of Volume is drawn on weekly charts, we can see that volumes are moving up in addition to the OBV which was in a zig-zag mode since the stock moved into congestion zone has moved up and is very close to last peak.
2 comments:
Hello Ashish
What about Volume? Wouldn't BO the need higher volumes?
Regards
Sanjay
Hi!
Yes we need High Volume and it has started appearing on Daily charts in last three days.
Further, if a 10 day SMA of Volume is drawn on weekly charts, we can see that volumes are moving up in addition to the OBV which was in a zig-zag mode since the stock moved into congestion zone has moved up and is very close to last peak.
Best Regards,
--Ashish
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