Volume Bar count signal in International Business Machines

While doing some earnings trade preparation today, I noticed the Daily chart of $IBM and how it had given several buy signals based on Volume Bar counts. Here is the chart:

IBM_volume_bar_count

The trade would be to buy the first Green candle after 6 Red candles in a row. The first trigger would have been a quick stop out, but the other 3 could have netted nice gains.

The Simple Approach.

2 thoughts on “Volume Bar count signal in International Business Machines

  1. If you meant 2012, I did not miss that one as the chart I used to illustrate does not go back that far. If you mean 2013, it is only 5 Red volume bars in a row so it did not meet the criteria.

    Nonetheless, Thanks for reading and your feedback.

Leave a Reply

Your email address will not be published.