JSE:COH Curro Climatic Action
Curro has been in a markdown for some time (see previous post below). We now see some buying volume stoping the decline. Following the Wyckoff theory, the selling climax (SC) indicates the start of a trading range (TR). This could be another stepping stone in the markdown or is it the start of an accumulation TR. But for now, we can expect the stock to be range-bound for some time. After the SC we can expect an automatic rally (AR) back to the previous breakout level.
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