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rjun212
24 Th11 2022 12:38

What is a fake breakout & how to spot one ? Giá lên

FIEM INDUSTRIES LTDNSE

Mô tả

Fiem Industries gave a fake breakout in september and this was immediately visible based on the selling that followed the breakout with heavy volume. But the stock gave a breakout again in November & this time it was successful. This time, the successive candle did NOT indicate significant selling. In fact, there was simply no selling which means that there are no sellers in the market. To prevent significant losses from fake breakouts, I would recommend observing the follow through candles & maintaining a strict stop loss to prevent significant downside. I would also highly recommend keeping the stock in your watchlist and wait for a point of re-entry.
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