Thursday, November 23, 2017

Yzj Shipping - Scouting Time and Sales

Scouting and analyzing the Time and Sales of Yzj Shipping provides plethora of useful information. At 16:37, there were a series of x recorded in the time and sales where a huge chunk of selling was observed. The x had a deep meaning to how the trade was done and it was one useful information for more bearish signs to come. Straight away after the x, the price dropped and the stock had an increase of the queue numbers at the ask side.

The market depth is healthy with obvious illustrations of sellers dominating buyers. The moment Yzj break below 1.64, I believe there are more downside to come. I will be sharing how to read x and levels in my sharing session soon. Stay tune.

Ronald K - Market Psychologist - A Stock Market Opportunist