Based on daily chart above, Innodata formed a classic Volume Spread Analysis pattern with 18 Line Change (18LC) signal. The 18LC signal broke above the resistance level and accumulation zone indicating the beginning of Mark-Up stage.
The daily chart has detected the shakeout by Smart Money to remove the weak-hand holders before the mark-up. The Spring bar on 14 November dip below the support and close at the high of the day to cause fear in the market so Smart Money have the chance to buy at the low.
Stop Loss = $1.59
1st Target = $1.70
2nd Target = $1.89
Send us your preference stock to review based on TradeVSA chart by comment at below.
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.
The daily chart has detected the shakeout by Smart Money to remove the weak-hand holders before the mark-up. The Spring bar on 14 November dip below the support and close at the high of the day to cause fear in the market so Smart Money have the chance to buy at the low.
Stop Loss = $1.59
1st Target = $1.70
2nd Target = $1.89
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
