Is SUN Rise On the Horizon ?

I won’t include a chart with this post but rather to say that today’s bullish bar (22/09) with SUN if we see a close on it’s high is what I  will call a SOSB ( sign of strength bar). One may compare this with the SOWB ( sign of weakness bar) made on 18/07. Bar of 18/07 signalled the end of the up move which brought SUN to it’s most recent lows. If the low of today’s bar is respected ( in time we will know) it would be the exact opposite of the bar made on 18/07. Food for thought !

Demonstration of SOWB and SOSB is the aim of this post. One may pay lots of $$ to some of those so called TA courses on offer and wouldn’t probably learn this sort of important changes in behaviour of the market participants. Recognise change and respect change is what I have learnt.

Disclosure : SUN held.

Enjoy your weekend and thanks to those friends keeping in touch.


All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.


Comments are closed.