The BO candle is not very strong and it requires follow-up buying to confirm the BO, although the volumes on the BUY side are greater compared to the sell side.
On the weekly chart, we can see all lower levels have been bought by the market.
I believe there is a strong momentum.
It is at the crucial point, I can see the triple top and hence follow up buying is a...
JK paper is in the stage 2 uptrend where it satisfies Mark's Minervini Criteria of 50EMA > 150EMA > 200EMA.
Over-all the paper sector is doing well, for eg IPAPPM is also in the uptrend.
MACD for daily and weekly is positive and RSI > 51
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I was going through this book called "Trade like a stock market wizard", I have tried to implement some concepts in this chart. Although this has not formed the proper VCP pattern but still I can see some traits of it.