Looking for ‘higher highs’

Something to compliment your trend continuation/exhaustion analysis or your general ‘reading of the tape’ is to watch whether equities prices which have recently made a ‘lower low’ are able to trade to a ‘higher high’ than their immediately previous high.

Here is an example I’m watching in the shares of Macquarie Bank (MQG.AX) and whether it can break above $184.18 which was its recent high on Sept 13th, 2022

November 11, 2022

by Rob Zdravevski

rob@karriasset.com.au