BANY: Core business growth, exciting affiliations! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Sawyer who wrote (2889)	9/17/1998 11:40:00 PM
From: Mike Sawyer	Read Replies (1) of 5847

I got to thinking that some people may not understand the "on balance volume" indicator so here is the definition... Definition Pioneered by Joseph Granville, on-balance volume is calculated by adding volume to the previous value when the stock price closes higher than the previous price, and subtracting volume from the value when the stock closes lower than the previous price. Interpretation If the stock falls to a new low and the on-balance volume line does not, the indicator is interpreted as positive (bullish divergence). If the stock rises to a new high and the on-balance volume line does not, the interpretation is negative (bearish divergence). Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals. They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next