STRAT had just gone through a resistance level.
Looking at the OBV (On Balance Volume) chart we can see:
1) At the same PRICE(first going back in time) it had a lower OBV
2) Same OBV level now was at a higher PRICE in the past
(identify levels with dashed horizontal lines and marked with arrows)
Proposal is to buy now and :
a) SELL in PROFIT AREA or sooner if OBV falls below STOP LOSS LINE
b) SELL as STOP LOSS if OBV falls below STOP LOSS LINE
Best of luck to all.
Looking at the OBV (On Balance Volume) chart we can see:
1) At the same PRICE(first going back in time) it had a lower OBV
2) Same OBV level now was at a higher PRICE in the past
(identify levels with dashed horizontal lines and marked with arrows)
Proposal is to buy now and :
a) SELL in PROFIT AREA or sooner if OBV falls below STOP LOSS LINE
b) SELL as STOP LOSS if OBV falls below STOP LOSS LINE
Best of luck to all.
Komen:
DO NOT RUSH with STOP LOSS at OBV value Wait for PRICE go BELOW SUPPORT LEVEL (blue dashed line)