MartinTFWong

Sign of accumulation by Smart Money on CIMB Group (1023.KL)

MYX:CIMB   CIMB GROUP HOLDINGS BERHAD

What is accumulation (stage 1)?
Accumulation happen when Smart Money accumulates large quantity of stocks at the lowest possible price over a period of time. This is a subtle and quiet process and usually you won't find the stock appear in top volume list.

Below are the clues of accumulation based on Volume Spread Analysis:

1. Price moving sideways and well supported at RM5.76

2. Formed narrow spread bar with low volume for almost 2 months

3. Bullish Green HeatZone

4. Changes in trend with weak background indicates Smart Money is supporting the stock
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