Thanks for the constant update and teachings... i have been able to use the OBV as a another indicator tool for my investing criteria... in fact, just want to point out, FGV has a OBV higher than when price was 2.80 and 3.5, does it imply that it may have the potential to run to that level? This is how I understand... although at some point i hope to learn enuff to be able to count the wave to see the possibility.
OBV is only indicating accumulation or distribution. I don't use OBV for my price projection. For price projection it is advisable to use Elliott Wave Principle.
Hi Mr Chan,
ReplyDeleteThanks for the constant update and teachings... i have been able to use the OBV as a another indicator tool for my investing criteria... in fact, just want to point out, FGV has a OBV higher than when price was 2.80 and 3.5, does it imply that it may have the potential to run to that level? This is how I understand... although at some point i hope to learn enuff to be able to count the wave to see the possibility.
many thanks once again...
OBV is only indicating accumulation or distribution. I don't use OBV for my price projection. For price projection it is advisable to use Elliott Wave Principle.
ReplyDelete