20 day Lows - 1970-2009 by frequency of price level.
Since the End of March - Exxon has gone higher on higher volume 4 times. The marjority of the time it has moved lower on higher volume.
Exxon is not that far off from retesting the lows of March.
Technical Analysis is an important key to understanding the world financial markets. Company Fundamentals, News, and other traders all have and influence on supply and demand. Supply and demand determines the price of a security. The price and volume charts provide an accurate picture of this supply and demand. DisplacedEMA will attempt to identify unique trading ideas and perspectives related to supply and demand in the stock market.
0 comments:
Post a Comment