Hlib Chabaniuk

Richard Moglen flags potential support zones as RMV hits zero

Richard Moglen flags potential support zones as RMV hits zero
RMV signals potential support zones

Richard Moglen provides insight into market dynamics when RMV, or Relative Market Volume, drops to zero.

This situation indicates a tight recent range, allowing traders to identify potential range pivots. By looking for recent key highs, traders can anticipate expansion, with these pivots potentially serving as support areas during pullbacks. Moglen cited GLW as a recent example of this market behavior.

Moglen’s observations on range pivots and market volume build on his ongoing analysis of shifts in intraday performance, as reflected in his assessment of leaders in price gains from intraday lows. This perspective complements his previous exploration of stock stage analysis insights, where he detailed how earnings and sales growth indicators can guide investors through evolving market cycles.

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