A weekly chart of Vietnam Electric Cable Corp.
It touched an all-time high on week ending 15 July 2016 with high of 68,584.32 VND after the price broke out all S-Trader Trend Tracker resistance on week ending 25 Sept 2015.
After touching an all-time high, the share price pullback and moved in sideway until it broke S-Trader Trend Tracker 1st support on week ending 16 Dec 2016.
Currently the share price traded sideway between S-Trader Trend Tracker Support and Resistance level.
Source :
1) Metastock
Here is another example of S-Trader Trend Tracker applied on Alliance Mineral Assets Limited (Daily Chart).
AMA share had a great run up since it broke out the last S-Trader Trend Tracker resistance on 16 Jan 2017 with high volume (as indicated by S-Trader Volumetrics with value of 2) and price closed SGD0.102.
Now S-Trader Trend Tracker acts as supporting level for the current price action.
Source :
1) Metastock
Here is a daily chart example of West Texas Intermediate (WTI) Crude Oil.
Last few days, the price has tested USD54.65 level several times but failed to close above it.
Will the price action able to break above it in the near future ?
If it breaks it, will it be a new uptrend phase ?
Note : S-Trader Trend Tracker is a newly developed proprietary indicator.
Source :
1) Metastock
