Identify the background and intention of the Smart Money helps you as a VSA trader to plan your trading plan better.
Follow the footprints of the Smart Money.
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This information only serves as reference information and does not constitute a buy or sell call. Conduct...
The “smart money”, or the group of winning traders that include market makers, large institutions, hedge funds, and algorithms, rely on “dumb money” retail traders for their steady stream of profits. As a Volume Spread Analysis trader, we want to follow the smart money and profit together with them.
We tend to look for...
Reason to Avoid:
1. Spotted Up-Thrust (UT) on 20 August 2018 with high volume
2. No Sign of Strengths appear after 20 August indicate no support from smart money
3. Price broke below support level at RM2.26
4. Changed in trend and turned to bearish red heatzone
On the daily chart, the stock is in the short-term downtrend as it traded below the downtrend line. However, on the recent movement, the share price climb from the lowest of RM 2.00 on 25/4/2018. As the momentum indicator is pointing up and improving, we foresee the short-term bullish is coming. Our first target is peg at RM 2.29 and RM 2.33-36 as 2nd target. If...