medium · 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 keeps narrowing as it approaches a major overhead resistance line.
  2. Retail traders end up 'holding the bag' simply because they bought in near the very top of a sharp rally.
  3. The stock refuses to fall and its lows are supported even when the parent index is dropping sharply.
  4. The stock shows high volume on every up-bar, yet the price still fails to reach new swing highs.

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