In technical analysis, we always believe that 'volume precedes price'. Today's volume of 11.4 million accompanied by an OBV breakout is a clear indication for minor wave iii. I have no doubt, BUT, in stock market, there is always this 'BUT' that always trouble me and keep me in suspense.
Earning Vs Price
I used to compile list of companies with good quarterly earnings and monitor their price movement with respect to each other. I arranged then in ascending order according to their latest earnings.
I started to buy using PE, NTA and chart pattern as a guide, and the one with my lowest ranking, JHM, is the star performer. What can I say. You still need player to play up the stock.
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