Sign Of Strength: POTENTIAL CLIMACTIC ACTION
==================== Volume Price Analysis ====================
OANDO – Daily – 07/17/2017 –
Volume 1.305m units
Smart Money would have decided that the underlying market is now good value, stepped in and bought absorbing the supply as weak holders eventually panicked sold-out regardless of the price offering Smart money the opportunity to acquire holdings at a good price, Which is the indication they are Bullish on the Market. Hence we Can expect a reversal in the down trend.
—-Remember if the market is still weak you would expect high volume up bars closing off the highs with the next bar down, upthrusts especially on high volume and no demand.
The Fib levels of N6.17 are very strong support levels to watch while short-term exits within the N7.02/N7.50 axis
OANDO: Weekly Chart
TRW Profit Table on Oando shows:
- 2014 till date shows month of July rating in Red
- Month of July showing highest loss of -8.40%
Oando Ave % Profit Chart