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Old 04-16-2007, 01:21 AM
weiwei weiwei is offline
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Re: Help With Chart Analysis: Intel Corp

So far I do not know any indicators for small trader that can point out who is doing all the buying or selling. If any one know, please point it out, I will be very appreciate to know how. Thanks in advance.

But base on Price and Volume, we can still do some analysis. At Point A.

bar number 4 was a down bar with good down volume, but has a long wick, meaning that buying is happening in the bar. so support is coming in.

bar 5 when down further but with less volume. so the firing power is drying up.

Bar 6 is the one that gives good clue that this run down is about to be over. It close at high and with good volume.

and it bounce off S1, when one put all these together, it gives good clue that a run up is coming.

weiwei

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