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TA Challenge: OBV, forecast market moves & spot reversals
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3 Steps On-Balance Volume (OBV) for AAPL

Hello Mooers,

Welcome back!
On today's topic, we will be using the 3 steps on-balance volume (OBV) for $Apple (AAPL.US)$ , which was voted 2nd in our survey.

Let's begin by using the picture below.
3 Steps On-Balance Volume (OBV) for AAPL
Step 1: Find any candlestick in the price chart that interest you.
3 Steps On-Balance Volume (OBV) for AAPL
Notice that we pick a green candlestick as we would like to know if the stock price will continue to go up or not.

Step 2: Draw a straight vertical line across the stock chart & the OBV indicator.
3 Steps On-Balance Volume (OBV) for AAPL
Step 3: We look at the OBV indicator and observe the trend.
3 Steps On-Balance Volume (OBV) for AAPL
Notice that it is showing us a rising trend.

Indeed! The stock price went up in the next few days!
3 Steps On-Balance Volume (OBV) for AAPL
That's all for today!

Please give a like if you find this example useful, and thank you for your support!

Before you go to my next post, please remember to vote how much you had already invested in AAPL.
Do you know: As of 20 Aug 2022, Apple is one of the top 3 hot stocks with 5281 AMCs holding Apple in their portfolio.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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