hard · Volume Spread Analysis climaxes-tests-springs-upthrusts
An index is churning sideways at a high level. One stock within the index has been producing narrow-spread up-bars on ultra-high volume for three days, while the index itself is rising on wide spreads and average volume.
What does this 'Relative Weakness' suggest?
- The stock is being re-accumulated by professionals who are hiding their buy orders.
- The stock is leading the index and will soon break out on even higher volume.
- A short-covering rally where the narrow spread indicates a lack of available sellers.
- Supply is entering this specific stock (End of a Rising Market) while other sectors support the index.
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