like this i rather chase stock with break out of trend line, like GCB

breakout of the upper trend line ... is not necessary a good thing ... we saw it in TG .... no?

this one... multiple flagpole breakouts...

very nice ... but you might have to be a bit cautious with the declining volume....

Declining volume but price moving up still fine for me, if burst up volume at high price, not a good sign liao

Why would one say, go up but declining volume not good.
but the other would also say go up but with huge volume also not good.

What is the ideal scenario? Can help enlighten?

Volume analysis can be pretty much subjective, which is why my choice of words was to be 'a little cautious' with the declining volume.

My first interpretation of that said stock was the stock is hitting its highs but yet the volume is lower. Search the net on new high on lower volume.



Perhaps this is a easier view...



Price action for me can be pretty much subjective. Each side of the bull/bear camp will always look for the tiniest info, and if they have they will dissect every possible info from the chart.

The cautious or bear side would say 'demand' or the appetite for the stock is clearly declining as the stock hits the new highs...see the last 4 trading day data in the above table.. and as such a correction could be due soon.

The opportunist or bull side will say that it is okay and normal because as stock hits new highs its natural to see some cautious trade. No worries. Volume will pick up again as the stock higher highs.


... going up on huge volume is actually good as it suggests the higher demand for stock has resulted in higher volumes...

Higher volume and the stock doesn't move... is a no no.

There are tons/volumes of info on the net.

Forgot to say this....

Volume should not be your main/sole reason to buy/sell your stock...

okay understand, need to consider multiple factors. Have to do more reading on this.
Always find it confusing when people say. "Volume is abnormal"
other than the volume is more than the daily "normal" volume, idk how else is it abnormal.

If you equate volume as demand, perhaps it will be slightly more understandable.

Yeah, very often you would hear general commentary that we don't really brain. Dont worry.. it happens.

Candlesticks then. But of course the volume bar will give another information where you can compare with previous days.

But is there a connection for the volume with rsi out stochastic rsi? Not sure if what I'm asking when makes sense.

Google how to calculate rsi.. answer is there

Did you manage to find your answer on the net?

i didnt fully read up but managed to understand that it's an indicator for overbought / oversold.
how price and volume relate to it, still dont know.

You did not google..... the right phrase .....



If you look at the formula... it doesn't mention Volume at all.....

therefore .....


it can gets really messy with the indicators....
cos sometimes, when rsi points overbought...
it just means its over bought and it doesn't mean the stock will correct there and then.....

same with oversold....
and there are situations where the oversold stock can remain oversold at a longggg time.

Lastly, the RSI setting can be adjusted ....
.... best you don't touch it until you are fully comfortable with the default setting first....

after that go search 'fast rsi setting' ....

this one ... good read => https://tradingsim.com/blog/relative-strength-index/

Volume is just an indicator, most importantly is the price movement and the chart shape. Speculative stock (Penny stock often appear in top 30 volume) and fundamental wise stock has different chart movement.

If u look at those penny stock, when consolidating time it appear a huge volume, price did not move at all, then your time is wasted if u enter, the best time is to enter when break out. When it up another 50-100%, then the volume increasing, when it reach peak, the volume is huge until share is trading about 30-40% of the total shares, then at this time u need to consider to sell all the stock because u don't know when it will peak.

But then the above stock cannot apply on other stock, quite often those fundamental good counter hardly can trade above 10% of total shares, so when price move up and volume declining, it could mean the shareholders is holding the stock tight.

In summary i would say wary of the stock appear highest volume when the price is at peak.

My experience on this RSI, i think it is a laggard indicator

That is correct !

Me? I lose far too many times than I win...

Your losing is in buku 555 only

While the real big win money is in your bank account

You got see meh?

i had to wait until closing today to check with you again!

if u can take a fresh look at TG... for learning purposes.

.. i see 3 white soldiers after 9 days of correction/flat... should be a confirmed reversal, bullish next week!?
.. uptrend is intact.
.. rsi 61 is ok, not overbought.
.. vol is not big but is decent.
.. bonus/split ex-date sep 3.
.. QR sep 17.

i dun see same with any other.

superman is a bit like TG but not as good... i have doubts.
talking of which i make rm50 from spmx today!