JM FINANCIAL LTDLong
JMFINANCIL: Wyckoff Method Signals a Strong Buy Opportunity
Wyckoff Story
Down wave Analysis
Volume Analysis
Final View
- 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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