Morning Trend | Brookfield Asset Management stabilizes with reduced volume, can the main upward wave continue smoothly?
After the adjustment cycle of Brookfield Asset Management (BAM.US) ends, there is a noticeable support below, with main funds gently flowing back. The community generally speculates, "Is the shrinking volume stabilization about to ignite the main upward wave?" From the daily structure, the stock price is above the 20-day moving average but the pace is slow, and the previous wave of capital attack was not very strong. Currently, the tug-of-war between bulls and bears is mainly concentrated around the upper $37.2. Yesterday, it opened high and closed low, but the lower shadow line was extended, showing resilience in the intraday structure. Many traders commented: "Slowly accumulating positions with shrinking volume, waiting for the main force to exert strength, which will lead to a continuous board market; we still need to wait for the shrinking volume fluctuations." The overall heat of the sector is not high, but once the leading stocks ignite, it is expected to drive the subsequent stocks to catch up. The short-term core focus is that once a strong bullish line with increased volume appears, the space for the main upward wave to catch up will be opened. The strategy suggests cautiously testing positions, and adding boldly once the volume is activated, while engaging in high selling and low buying during the day to cope with the unpredictable nature of the main force
After the adjustment cycle of Brookfield Asset Management (BAM.US) ends, there is a noticeable support below, with main funds gently flowing back. The community generally speculates, "Is the shrinking volume stabilization a sign that the main upward wave is about to ignite?" From the daily structure, the stock price has risen above the 20-day moving average, but the pace is slow, and the previous wave of capital attack was not very strong.
Currently, the tug-of-war between bulls and bears is mainly concentrated around the upper $37.2. Yesterday, the stock opened high but closed low, with a long lower shadow, showing resilience in the intraday structure. Many traders commented: "Slowly accumulating positions with shrinking volume, waiting for the main force to exert strength, which could lead to a continuous rise; we still need to wait for the shrinking volume fluctuations."
The overall heat of the sector is not high, but once the leading stocks ignite, it is expected to drive the subsequent stocks to catch up. The short-term core focus is that once a strong bullish candle appears with increased volume, the space for the main upward wave to catch up will be opened.
The strategy suggests cautiously testing positions, and once volume activation occurs, to add boldly. Engage in high selling and low buying during the day to cope with the unpredictable nature of the main force
