Wednesday, February 22, 2012

Yongnam: Smart money is accumulating.

OBV is used to detect distribution and accumulation activities. This, in itself, might not be very useful apart from providing material for a chit chat over tea. Looking at OBV together with price movement, however, could be rewarding.


A simple technical analysis suggests that smart money is accumulating shares of Yongnam.


Look at how the OBV has been gradually rising although its share price