$YTLPOWR (6742.MY)$ declining volume and rising price indica...
declining volume and rising price indicates that uptrend is over. I might be wrong 😁
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PokaiTrader : not far off the mark.
TA shows this was the high from the bounce. Expect a retest of that 3.00 low for a further confirmation of an upward bull.
However there was an announcement the management dishing out more shares, the selling pressure will return fast. Zoom out to the longer term, that strong green candle from 2.50 indicates some liquidity to shake out by the MM.
There's an xDiv 4sen coming up, I will be waiting at 2.50 zone, strong conviction a revisit there is imminent. I might be wrong though.
See how ...
茶冰 : It is normal for the price to rise without volume after falling for three months, isn't it? And the selling pressure comes from those who want to take profit from the rising trend.