Moncler (MONC.MI)
Last update 23/01/2015
1 - Pin-bar on high volume with the next bar that closed higher, buyers entered here
2 - Sellers sent the stock back to € 10.5, again buyers stepped in since we have a low spread bar on high volume that closed in the middle of the range
3 - This candle confirmed that buyers are in control
4 - Price find resistance here and the next 2 bars signals there is no buying at this price, retracement is necessary
5 - Long spread bar on increasing volume, but not high on an absolute basis, followed by an up bar. Again, buyers stepped in at this price
6 - This was a good entry signal that I missed. Price retraced after touching new lows, volume was lower than 2 previous bars: this is a test of supply with confirmation. There aren't sellers anymore and higher price is expected
7 - Long spread candle on high volume that closes off the highs. This candle could contain some sellers, a test is necessary to find out how much supply there is in the market
8 - This candle is again a test. It signals that there isn't much supply at this price and higher price is expected if the next candle close is higher than this candle. Next candle is a confirmation that the bias is bullish
9 - Long spread candle on ultra high volume: stock is marked up, but the candle could hide sellers. For those who missed the first entry, a low volatility test in the area 11.34-11.85 would be a good place to enter
10 - After the effort to rise, we have 3 narrow-spread candles on decreasing volume and candle 10 is an upthrust: there is a lack of interest in the up move. This reinforces the view that a re-test of supply in the area of the long spread candle could be in place
11 - The move continues higher on increasing volume, signaling that the stock is still strong
12 - Long spread candle on ultra high volume. This is an effort to rise. Market doesn't usually like this kind of candles since they could hide selling so the stock could rest some time at this levels.
1 - Pin-bar on high volume with the next bar that closed higher, buyers entered here
2 - Sellers sent the stock back to € 10.5, again buyers stepped in since we have a low spread bar on high volume that closed in the middle of the range
3 - This candle confirmed that buyers are in control
4 - Price find resistance here and the next 2 bars signals there is no buying at this price, retracement is necessary
5 - Long spread bar on increasing volume, but not high on an absolute basis, followed by an up bar. Again, buyers stepped in at this price
6 - This was a good entry signal that I missed. Price retraced after touching new lows, volume was lower than 2 previous bars: this is a test of supply with confirmation. There aren't sellers anymore and higher price is expected
7 - Long spread candle on high volume that closes off the highs. This candle could contain some sellers, a test is necessary to find out how much supply there is in the market
8 - This candle is again a test. It signals that there isn't much supply at this price and higher price is expected if the next candle close is higher than this candle. Next candle is a confirmation that the bias is bullish
9 - Long spread candle on ultra high volume: stock is marked up, but the candle could hide sellers. For those who missed the first entry, a low volatility test in the area 11.34-11.85 would be a good place to enter
10 - After the effort to rise, we have 3 narrow-spread candles on decreasing volume and candle 10 is an upthrust: there is a lack of interest in the up move. This reinforces the view that a re-test of supply in the area of the long spread candle could be in place
11 - The move continues higher on increasing volume, signaling that the stock is still strong
12 - Long spread candle on ultra high volume. This is an effort to rise. Market doesn't usually like this kind of candles since they could hide selling so the stock could rest some time at this levels.