Largo
RenHe (1387.HK) in HKEx gained 67% in 2 months
RenHe (1387.HK) in HKEx gained 67% in 2 months. Follow these 3 simple steps to identify next trading opportunities in overseas market.
Step 1 – Identify Strength / Weakness of the Stock Background
3 months of accumulation with low volume and narrow spread bar. TradeVSA spotted lots of hidden potential buying during the accumulation zone. Notice several spring bars are spotted indicates smart money is removing weakhand holders in the market.
Step 2 – Identify Pushing Through Supply Bar
Monitor and watch out for widespread bar with high volume. The widespread bar is the evidence of smart money trying to break above resistance and lock the supply on the left handside.
Notice the Pushing Through Supply 1 is the bar with break above resistance with high volume is the potential buy signal.
Step 3 – Identify Market Trends
Trade with the smart money by identifying the market stages. Follow the heatzone to trade only in the beginning of Stage 2 (mark-up). The trend for RenHe have turned to Bullish HeatZone before the breakout.
Currently we saw another Pushing Through Supply bar in RenHe chart after a re-accumulation level. The bar has successfully closed above the Up-Thrust bar indicate smart money is ready to mark-up the price further.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
Step 1 – Identify Strength / Weakness of the Stock Background
3 months of accumulation with low volume and narrow spread bar. TradeVSA spotted lots of hidden potential buying during the accumulation zone. Notice several spring bars are spotted indicates smart money is removing weakhand holders in the market.
Step 2 – Identify Pushing Through Supply Bar
Monitor and watch out for widespread bar with high volume. The widespread bar is the evidence of smart money trying to break above resistance and lock the supply on the left handside.
Notice the Pushing Through Supply 1 is the bar with break above resistance with high volume is the potential buy signal.
Step 3 – Identify Market Trends
Trade with the smart money by identifying the market stages. Follow the heatzone to trade only in the beginning of Stage 2 (mark-up). The trend for RenHe have turned to Bullish HeatZone before the breakout.
Currently we saw another Pushing Through Supply bar in RenHe chart after a re-accumulation level. The bar has successfully closed above the Up-Thrust bar indicate smart money is ready to mark-up the price further.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
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Contact Us for Info: +6010 266 9761
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