So here I am, trying my hand at this intraday trading thing. It's been a nice rest at home for the past two days and I got down to looking at the charts for some action tomorrow. Here's what's caught my notice.
The market's been up an uptrend lately, hands mostly in accumulative state as shown by the Force Indicator. A few stocks have shown signs of a depleted run with low volume dips at the end of the trading day, but with the Force high on the uptrend, they seem to be likely targets for a 4th Rule.
My selected few are:
IndoAgri -4th Rule; watch for high volume drops at the start of trading day Hour One (CP: $2.86, Vol: 46,000, VPH: 7,077, ATR: 9)
Noble - 4th Rule; watch for high volume drops at the start of trading day Hour One (CP: $2.13, Vol: 31,000, VPH: 4,769, ATR: 6)
NOL - 4th Rule; watch for high volume drops at the start of trading day Hour One (CP: $2.27, Vol: 11,900, VPH: 1,831, ATR: 6)
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