Get started
SteynTrade

JSE:PSG Markup Starting

Long
SteynTrade Updated   
JSE:PSG   None
Support and Resistance Supply and Demand Volume jse jsepsg wyckoff Volume Indicator markup
5
0
supportandresistance supplyanddemand volumestudies jse jsepsg wyckoff volume markup
PSG was in an accumulation TR and is currently breaking out. After a last point of support (LPS) and back up (BU) to the TR we now see a break out with some volume indicating the markup has started.
Comment:
Waiting for the next break higher.
snapshot
Comment:
PSG is going nowhere. It is still testing the top of the Trading Range (TR). Waiting to see if it can react off of the support.
Comment:
A significant bar on high volume off of the top of the TR points towards the advance should continue. The pullback to the TR was on lower volume confirming the bullish sentiment.
snapshot
Comment:
The markup is grinding higher with some volume behind it. There was also hiden divergence in the Volume RSI.
snapshot

Related Ideas

SteynTrade
JSE:PSG Still Ranging?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.