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SteynTrade

JSE:VKE Vukile Property Another One with Buying at Volume

Long
VUKILE PROPERTY FUND LTD (JSE:VKE)  
SteynTrade  
JSE:VKE   VUKILE PROPERTY FUND LTD
Support and Resistance Supply and Demand Volume jse VKE Volume Indicator wyckoff
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supportandresistance supplyanddemand volumestudies jse vke volume wyckoff
Staying on the theme of weak stocks with some volume buying in the background Vukile is showing some strength in its weakness. The TR formed after the selling climax (SC) has been weak in the price action but the volume shows significant buying on the up moves. We are now testing the breakout level. Not quite ready to go in but a good reversal bar with some (but not necessarily lots) volume could be a good opportunity to go long looking for a retest of R20. Watching this one.
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