easy · Volume Spread Analysis effort-vs-result-spread

A trader identifies 'Bag Holding' in a stock. What specific observation would lead to this diagnosis according to VSA principles?

  1. The stock's spread is narrowing as it approaches a major resistance line.
  2. Retail traders are 'holding the bag' because they bought at the very top of a rally.
  3. The stock refuses to fall and its lows are supported even when the parent index is dropping sharply.
  4. The stock has high volume on every up-bar, but the price fails to make new highs.

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