Been following the trading pattern in BYD this week using 15
minute candles.
In each of the last 4 trading sessions, the stock opened with a
big red (down) move on the first 15 minute candle (on extremely
light volume), and closed each trading day with a huge green (up)
move on the final 15 minute candle (on huge volume).
Anything to read into this type of action or is it simply
coincidence?
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BYD - Anything to make of this?
Posted by RichieD on 21st of Jul 2016 at 04:27 pm
Been following the trading pattern in BYD this week using 15 minute candles.
In each of the last 4 trading sessions, the stock opened with a big red (down) move on the first 15 minute candle (on extremely light volume), and closed each trading day with a huge green (up) move on the final 15 minute candle (on huge volume).
Anything to read into this type of action or is it simply coincidence?