Range bound action | stockbee


Range bound action

It is a range. Volume is low indicating the big boys not making moves yet. At this stage a sideways move of some weeks can be a possibility.

A 300 plus breakout day will indicate a possible breadth thrust. As there was not much selling the breadth is still in good shape and a quick recovery here might extends the bounce.

Speculative Lottery Tickets making big moves is a bit of concern. New up legs tend to be lead by good quality stocks and not LT.

If you are day trader it is your dream market. For momentum trader it is time to rest and plot your game play for next bull phase. whenever it shows up.

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