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...
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.
This stock comes across as a wonderful accumulation candidate from a Wyckoff perspective. The volume signature is very accomodative and the PSU Banking sector looks good as a whole. I am holding long positions and will abandon the bullish view if the price falls below 230. Expect more updates with Point & Figure targets soon !!