In my earlier post, I talked about a potential accumulation in this stock, based on the price action witnessed yesterday. The price action today doesn't evoke much confidence. Am watching this stock with interest as it could offer a trading opportunity one way or the other. If the accumulation view doesn't play out, then it could be a classic case of Wyckoff...
Check out the price action along with the volume signature in the highlighted zone in the chart. The breakout on slightly higher volume and then the retest on even higher volume was an interesting development. The subsequent price action is a characteristic sign of absorption of supply while the price was congesting. I am long in this stock and would not be...
Am watching this stock with interest. A good strong green wide ranged candle with above-normal volume is what I am waiting for. A breakout and pull back or retest of the upper end of the range is the ideal or preferred course of action. Interesting price thus far, today. Let's see how this stock shapes up. Looks very promising.
The stock has slipped from an overbought condition to its support zone at prior gap area. It has been consolidation in a tight range recently. My expectation is a retest of the recent highs if the range breakout happens. Am looking to buy this one today if we manage close near the day's high. Interesting stock !!
The recent price action has all characteristics of a Wyckoff Accumulation. If the assessment is correct, the price should see a good lift up soon. The rally should be on the back of increasing spread and increasing volume. If this happens. I will be happy to buy the stock. Let's see how it unfolds.
Just a student for a month. Learning yckoff
Check the chart for annotations. I am long in this stock and would add more on a breakout above 95. My stop loss is at 83 as of now in cash.
Not a trading or recommendation advice. Low Risk trade with SL @ around 305.
Long on this stock. Also a Fundamentally good stock. Not a Trading/Investing Recomendation
Wyckoff Accumulation and possible Markup.... Need to check the reaction on BO.
Increased vol and JAC after accumulation of 3 years. Possibility of MARK UP.
Details in chart. Not a Trading or investing recommendation.
not a trading or investment advice. Details in the chart.
Details in chart. Super BULLISH..... Not a trading or Investment Advice.
This stock comes across as a wonderful #Wyckoff #Re-accumulation candidate. After a prolonged trading range, the price registered a breakout and retest of the range. The volume and price signature today is very encouraging. I am long this stock with a stop loss at 1,700.
IRB is in the process of Accumulation Our buy will be after a test of sellers SL below the Test Low