DISH TV - SHORT TERM: WEAK, LONG TERM: STRONG, PREVIALING BIAS: STRONG
Dish TV needs to hold above 60 for about 7-10 trading sessions at 2-3 times average 3 month volumes to confirm a short term move. So its better to avoid a short term trade as of now since the volume confirmation has not come. Having said that, Dish TV is in a long term trend in terms of price. Hold if you have it. If you plan to buy, it will need more than a day's move above 60 to make it a confirmed short term uptrend
http://www.ashudutt.com/books.aspx
Dish TV needs to hold above 60 for about 7-10 trading sessions at 2-3 times average 3 month volumes to confirm a short term move. So its better to avoid a short term trade as of now since the volume confirmation has not come. Having said that, Dish TV is in a long term trend in terms of price. Hold if you have it. If you plan to buy, it will need more than a day's move above 60 to make it a confirmed short term uptrend
http://www.ashudutt.com/books.aspx
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