JSE:BAT Brait still waiting to see the change of character

Since last months Wyckoff evaluation of the trading range (see link below) we are still waiting to see a change of character signalling that the creek will be jumped. Price has tested the bottom of the trading range on low volume indicating that supply has dried up. Volume has been low since the previous high volume test of the bottom of the trading range. Divergence with the Volume RSI indicates the upward pressure in the stock. It now looks that the stock could be ready to be marked up with in the trading range to test and potentially break the top of the trading range.
Nov 01
Comment: The low volume test indicates there is no more supply and are held by strong hands. With no more supply available the markup can begin. Looking for a strong move to the top of the trading range.
Apr 07
Comment: The continued supply keeps pushing the stock lower. Last week there was some high volumes which could indicate some buying but in general, the stock looks week.
May 20
Comment: Another big volume day last week. Someone is buying.
May 27
Comment: Although there was some buying there was an imbalance with effort (seen in Volume RSI and volume spikes) and no response and when the buying stopped price has tanked. So the larger players are dumping the stock.
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