Hidden Potential Buying in Serba Dinamik (5279.KL) despite Bearish Market
Serba Dinamik is less affected with the overall bearish sentiment in KLSE market. Based on the intraday chart (11 October 2018, 11am), we spotted currently smart money are trying to flush out weak-hand holders by marking the prices down to the lowest at RM3.71 during the opening of the market (9am) and subsequently pushes the price back to RM3.95 (11am). This is one of the major Sign of Strength signal, Spring, in Volume Spread Analysis.
We prefer the price to close near the top for today (11 October 2018) to confirm the Spring signal before entry or you can switch to hourly chart to trade in the shorter timeframe.
Below are the analysis based on Volume Spread Analysis method from our post on 10 October 2018:
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.
Be the first to leave a review.