RE: Stage Analysis Beginners Questions
(2020-11-24, 06:34 PM)isatrader Wrote: A little known technique that I use to look at intraday volume is on the IBD chart. As it has a feature that shows the percentage that the volume is compared to the 50 day average volume at that time of day. So for example if its 100% vs 50-day MA or more in the first 30 mins then that gets my attention if its near the breakout level. It doesn't mean its going to stay that way all day though, and may tail off, but just means that compared to the first 30 mins of every day from the last 50 days that's it's more than 2x the average. So I always check this to see if the volume is strong at the potential entry, and like to see 200%+ for the time of day. But will still go with 50% or more if the setup is correct.
Here's the link: https://research.investors.com/stock-cha...type=daily
With regards to breakouts on low volume. This happens all the time, but is less likely to lead to a very strong move higher.
Thanks that's very helpful trick! I'm using the subscription and it's great! Wish I could give you the affiliate credit