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Take a look at AZO hourly from 2/16 - 2/24. Not only is the hourly trade "high and tight". The tight action stays tight above 358 and the heavy volume hour on 2/16 pushed up from 355 to 358.
I use hourly charts to confirm what I think I am seeing on the monthly, weekly & daily chart. When the monthly, weekly, daily and hourly charts all show tight trade higher in price than the sets of heavy volume pushing up, the market likes to see how far those can go.
thanks for sharing. Any chance you could mark up your charts just a bit? It'd make it so much easier to follow your thought process and learn. Thanks,
Yeah, that part of the screen got chopped off. Here is a screen shot of the AZO behavior. screencast.com/.../298zZ5IkoG0
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