Mystery Chart: Bull or Bear?

Sunday, November 5, 2017

Its always a fun exercise to remove all potential bias from a stock and simply strip the price action down to the bare minimum. From a supply and demand standpoint we should be able to evaluate whether or not a particular opportunity offers a favorable risk/reward.

With this in mind, take a look at the mystery chart below: Is it offering a Bullish opportunity or Bearish based only on the supply/demand dynamics of the stock?

I'll be interested to hear your feedback. The goal of this is not to try to guess what the mystery stock actually is, but rather would you want to be a buyer or a seller based on the info above alone.  
Later in the week we will revisit this chart and see what readers think is the best course of action.
 

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