A resistance zone formed way back to 2014/2015 came into play again. Last few weeks the price action has been trading side way within the resistance zone.
Weekly chart of Air China Ltd.
Last Friday (week ending 26 May), the price broke out the resistance zone.
However, the relatively below average volume associated with the price action.
But, on the daily chart observed relatively high volume supported the price action on 26 May as shown below.
Daily chart of Air China Ltd.
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Source :
1) Metastock
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