Wyckoff studied stock movement in terms of demand and supply almost a century back.
He categorized stock movement into cycle of - Accumulation (Oversold Zone) --> Reaccumulation (can be multiple) --> Distribution (Overbought zone) --> Redistribution --> Accumulation
Study of each phase can be a book in itself, however we here try to demonstrate how a reaccumulation can occur.
Note - This is an analysis on past and not a buying recommendation. This is purely an educational material on Wyckoff methodology. We intend that the reader uses the concept rather than copy any trades.