Case study
On the chart break up on around 9 Aug 17 with volume as support afterwards price keep moving up.
it is common side way and break thru history resistance.
but i think this need to be support by good fundamental.
QR release on 16 Aug 17. smart money know the results before announcement.
As for lion industry 11sept 17
in compare the side way period is shorter compare to Pmetal.
and the break out on 9 sept 17
volume is lesser compare to pmetal as well.
to observe if this break out can maintain?
As for Masteel 11 sept 17
Similar break thru as well. the period is shorter sideway in compare but the break out volume is much compare to lionind. so expect masteel can sustain the uptrend further.
break thru on 7 sept 17.
As for South steel 11 sept 17
As for Ssteel it break out earlier compare to others 2.
with volume supported.
but there is selling pressure after the break out and recently have break thru again and become doji. short term shall fall back and uptrend again.
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