July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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Confirmation Trends with Volume
A stock’s price trend, when confirmed by volume, is easy to spot. Price movement, along with rising volume signals, indicates strength. When volume falls, the indication is that the trend is weak or getting weaker. When the two disagree, trend analysis takes on a more interesting form. However, the most basic relationship between price and volume is agreement concerning price and volume of trades.
Figure 9.1 demonstrates how this works. This stock is undergoing a primary bullish trend through the two years shown in the chart, and throughout, strong price surges were confirmed by volume.
Figure 9.1 Using volume ...
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