On-balance volume (OBV) confirmed the breakout when it moved through resistance at line c.
The daily on-balance volume (OBV) confirmed the completion of the triangle formation, having overcome resistance at line d and still acting strong.
The volume analysis supports this viewpoint, as it confirmed the recent breakout and the weekly on-balance volume (OBV) has continued to make new highs with prices.
The weekly on-balance volume (OBV) also confirmed the all-time highs, line g, before dropping below its uptrend (line h).
The fact that the monthly on-balance volume (OBV) had confirmed the highs in September 2011 made me confident that a major top was not in place.
The weekly on-balance volume (OBV) has not yet confirmed the price action as it is still below its resistance at line e.
The RS analysis was confirmed by the on-balance volume, as it overcame the key resistance, line e, in early April.
The Health Care Select Sector Spyder ( XLV) tracks this sector and confirmed the breakout on the highest volume since last July.
The higher highs in the T-notes have not been confirmed by the daily on-balance volume (OBV) as it has formed lower highs, line d.
Though not featured in this article, the recent highs in the major averages were also confirmed by the weekly on-balance volume (OBV), which is also quite a reliable indicator.
The daily on-balance volume (OBV) (not shown) has confirmed the upside breakout.
The on-balance volume (OBV) did confirm the highs on March 14 but has not yet confirmed the recent highs.
The daily on-balance volume (OBV) formed a negative divergence at the recent highs (line g), which was confirmed by the break of support (line h) on October 10.
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