YoungAnalyst
Long

A possible long entry on QIHU

NYSE:QIHU   QIHOO 360 TECHNOLOGY CO LTD
59 0 0
1 - Long spread candle on high volume that closes slightly off its lows, but the next candle is up on increasing volume . Notice also that the next candle touches new lows. Accumulation starts here
2 - A low volume narrow spread candle: lack of demand
3 - Again a high spread candle on high volume , the next candle touches new lows but closes higher: another accumulation sign
4 - Increasing volume on up bar, but the closure is off the highs. We are not ready for higher prices yet
5 - Narrow spread candle on very low volume and the next candle closes higher on increasing volume: a successful test of no supply
6 - Price rises but there still are sellers up here since the candle closes in its middle on increasing volume and the next candle closes lower
7 - A narrow spread candle that closes off its lows on increasing volume: accumulation sign
8 - Another accumulation sign: long spread down candle on increasing volume but next candle is up
9 - Successful test of no supply
10 - Lack of demand after a rally, a retracement could start from here
11 - Failed test of no supply since volume is high
12 - Here we have another test. Next candle is technically a confirmation, but the volume is low, almost equal to that of the test candle. A good long entry could be at the breakout of candle 12's highs.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out