POSITION SIZING: 125 PER RS. 100,000
The stock comes across as a wonderful wyckoff accumulation candidate. If this view is correct, then price should get into a mark-up phase or a trending phase with higher spread and volume. The bullish view will be invalidated on a close below the LPS level in the chart. Await Wyckoff Point & Figure chart target soon !!
This stock has taken a knock recently. The price action comes across as a nice set of Wyckoff redistribution. The first target was achieved and the second one is pending. This link has the point and figure horizontal count target. d.pr
Have a look at the price action in volume signature highlighted in the chart. Am watching this stock with interest if there is a turnaround in price at prior resistance. Interesting case study for sure !!
This stock is an interesting case study for those interested in Wyckoff analysis. The price has been stuck in a range for a long while now. The recent sell off on high volume comes across as a potential Wyckoff Spring. The quick snapback into the trading range with higher volume today is a positive sign. Am watching this stock with interest and looking to take...