Good tightening week on week after a large pop up with a dry up on them volumes setting this up for a new leg. Will be interesting once it breaches the previous week high and manages to give a daily close above it
The volume prints are evident in this counter on the up days. It has Institution accumulation written all over it, just a matter of time before it pushes off from this range and starts having a crack towards new ATH.
The stock appears to be coming out a good 9 week base on good volumes, signalling a low cheat entry here the stock has the potential to do more. Have a risk of 4% from here, it appears to be in a good zone to warrant an entry
The stock seems to have given a pocket pivot signal closing at the higher of the tight squeeze it is forming after the huge gap up it had a while ago, one can say it is a flag and has given a good signal of intent in the coming short term. The risk reward will have to be carefully managed in this one!
The stock has been wounding up and its volatility has been contracting in every wave setting it up for some good future price action! Also notice how the volumes have simply dried up, if you know VCP then here are the parameters for this one! ---> 18W 24/5 4T