A nice and classic Volume Spread Analysis setup in Cormedix daily chart with a massive 244% gained since the buy signal from the 18 Line Change screener. Below are the notable footprints from the smart money:
1. 6 months of accumulation with narrow spread bar with low volume after mark-down stage
2. Smart money successfully pushes the price above the resistance with widespread bar and high volume (18LC) on 26 July 2018
3. Weak-hand holders / Supply are locked up by the smart money on the 1st Pushing Through Supply area
4. Price subsequently retrace and support well at USD0.39. Notice few major signs of strength (SP and LC) on the support level indicates that smart money is buying at the low