BTOTO: A Not So Convinced Buy Signal

A BUY signal has been triggered on BTOTO. But I am not too convinced yet.

First, volume has been on a declining trend.

Second, ADX is below 20.

If share price continues to stay above the MAs with increasing volume / ADX, I will be more convicted with a Long position.

Please refer to the general disclaimer of this blog.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s