Have you ever heard of the rule: volume precedes price?
Typically, before a stock price moves, the volume comes into play. It plays a significant role in buying and selling stocks. Granville believed that volume was the driving force behind markets and designed OBV to predict when major market moves would occur.
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Case Study
T...

Hey mooers,
After learning how to look for divergences between price and volume in the previous post, it's time to learn how to use on-balance volume (OBV) to confirm the underlying trend.
Traders often use the OBV to look for trend confirmations or try to correctly identify the strength and the direction of the ongoing trend. The OBV line's slope is also helpful. A trend accompanied by an OBV line with a steeper slope ...

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Chart 1:
This company is one of the world's largest energy companies, with operations in over 180 countries worldwide. Its operations permeate all aspects of the oil and gas industry: exploration, production, marketing, transportation, petrochemicals, etc. As of 22Q1, it ranked the third largest position in Berkshire's equity portfolio.
Chart 2:
The company ...

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