Retrace After Triangle Breakout
SYSCORP shows triangle breakout 2 with high volume on 1st NOV 2022.
This technical signal will attract many technical traders entering into this stocks.
However, from the 5 mins chart of 2nd Nov shows some selling with high volume, together with high volume price not marking higher.
tradingview.com/x/MkQszlob/
This usually happens when the big boys are getting ready to dispose some shares to investors who park their buy orders at the lower buy price.
From our point of view, we see the stock price may have a retrace in the upcoming trading days.
This technical signal will attract many technical traders entering into this stocks.
However, from the 5 mins chart of 2nd Nov shows some selling with high volume, together with high volume price not marking higher.
tradingview.com/x/MkQszlob/
This usually happens when the big boys are getting ready to dispose some shares to investors who park their buy orders at the lower buy price.
From our point of view, we see the stock price may have a retrace in the upcoming trading days.
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