ORIENTAL BANK - Triple Top Formation

101 0
The stock has formed a doji on having a triple top formation.

Volumes in this stock has previously also failed to follow up with good rallies.

Can be looked to short below the trendline .
Comment: The 15 min chart shows above average volume.
Take this into consideration too.
Comment: Hence, go long in the case of breakout with good volumes.
Comment: Volumes don't matter in this stock . Proven today again. Classic reversal from triple top and trendline has been broken. Unless it sustains above the line for a while, stock's weak. Shorting opportunity.
Comment: Closing above the line. Not weak. No shorts.
Comment: 23 Mar : As suggeested , no shorts to be taken. It has given good follow through. Initiate longs, shows good signs of strength.
Comment: Longs initiated have given 3 % gains today.
Comment: 7.5 % up today. That's great :)
Comment: Lesson revisited : Volumes do matter as always.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out