JM FINANCIAL LTD

Long

JMFINANCIL: Wyckoff Method Signals a Strong Buy Opportunity

Wyckoff Story

Prior to trading range we were in downtrend and then we have SC and CHoCH (Change of character). Let’s assume our bias is accumulation.

Down wave Analysis

We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.

Volume Analysis

We have supply decrease from Phase A to Phase C indicating supply is being absorbed.

Final View

Bullish on the stock

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