Sibanye has been showing signs of strength (SoS) and has now broken to new highs. After some consolidation since August, there has been a breakout and backup to that accumulation trading range. Now we have broken above the highs and looking for a push higher.
Unique chart here, what is the VPVR indicator you have there?
SteynTrade
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@runyamhere, This is the Volume Profile on the left of the chart. I think the acronym is Visible Price Volume Ratio (VPVR). Essentially it gives the total volume traded at a specific price instead of per time period at the bottom of the chart. You can find it in the indicators under Volume Profile. There are four types this one gives the profile for the visible range. In this case, we can see that there has been significant accumulation by large concerns around R50 during the trading range. After breaking the trading range there has been some buying at around R62.50 but we are now pushing out of this range showing that there are no more sellers.