What is No Supply ( NS ) bar in Spread Analysis?
NS bar is bar that are narrow spread on low which signifies a lack of selling / supply. The NS bars are found in the early bottom/support and indicate strength. Smart money is likely to test the sellers at the before pushing the price higher with least resistance from the sellers.
How Kelington broke new high with 36% gained in 3 weeks?
Here are some of the major signals from the chart above based on TradeVSA:
1. A confirmed NS bar on 14 September 2018 indicates Smart Money have removed the sellers
2. NS bar appeared at with a successful test above support with low
3. Strong background with 5 months of accumulation
4. Green HeatZone
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