Vpa

VSVS volume suggested someone was accumulating UPDATE: Hopefully someone picked up on my note here, I never saw the bid coming, neither do I think my timing was a coincidence. That's what VPA does, it highlights important moves in the market highlighting accumulation and distribution events before a bigger move, its that simple. Possible stopping volume here, and the price action is hinting it could be ready to move higher. On Tuesday a slug of fresh volume came in with tightening price and a rejection wick to the downside, suggesting buy

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SEE shakeout or opportunity?Disclaimer: I hold. Seeing Machines put out an interesting announcement on Wednesday. Its convertible loan notes with Magna were due on 4 October, but they’ve only been extended to 30 November. Management says that buys time to negotiate a proper longer term deal. Not what investors were hoping for, and the 10% drop on the day said as much. But look at the lower rejection wick, sitting right on previous support around 3.9p. Lots of volume traded, yet sellers couldn’t push the price any lower. T

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INF institutions are accumulating, but price disagrees Possible distribution taking place here over the last couple of months. There are some very large, wide candles, which can be a sign of market makers hunting for liquidity. Judging by the volume, they’re finding it between 876p and 920p. Last week’s long upper wick on heavy volume looks like an upthrust to me, a push higher that sellers slapped straight back down. The candles are also forming lower highs, which could be a sign demand is drying up. The way I see it, the better prices have gone,

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ANIC heavy volume at support, thin volume above This is the second time ANIC has flashed up on my list. After what looked like a shakeout, the price has been consolidating. On Friday it broke out strongly, closing at the high of the day on roughly 2.5x its average volume. It’s also worth noting how much volume is concentrated at this level (the white line). If buyers are steaming in here, this one could claw back some ground. Looking at the volume profile on the right, there’s very little in the way until around 6.5p, which is where I’d expe

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JD. rising volume ahead of results catches the eye Another similar pattern here, as JD Sports also breaks to a new short term low, closing on the low of the day on strong and increasing volume. The price could continue to fall to the previous low of around 65p. Support and resistance levels can be very subjective though, and the eagle eyed amongst you may argue the price is currently trading around an important turning point from back in May. Others may argue the low before that, around 65p, is the significant one. Worth noting that earnings

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EVOK engulfing candle confirms the weakness Bearish engulfing candle, which often indicates a very strong move from the sellers. The price has already turned down from its highs and it continues to make new lows. Add in the uptick of volume and it gives another layer of confluence on the short term direction. In this case I feel there’s some weakness ahead and it could fall further yet.

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CCR huge volume, but the rejection tells the story More possible price weakness ahead with C&C Group. A couple of points stand out. The first is that the price is currently trading in a previous area of resistance which it sold off from before, although slightly lower at 106.6p versus 108.8p. That detail matters, because there is less supply at these higher prices. Working with that for a moment, we’d assume there could still be sellers waiting to offload at this level, and I think that’s confirmed by the rejection to the upside, which duly re

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BARC weak close on strong volume raises concerns Taking a simple view here, it doesn’t take much conviction to say the sellers are in control after the price rolled over through the last three months. Then Friday delivered a very weak down candle which closed on the low of the day on very strong volume. With no clearly defined support level directly underneath it, this could show some price weakness for a while yet. Some significant director dealings to take note off too: 7 Aug 2026: Anna Cross, Group Finance Director (CFO), sold 461,588 sh

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SFR: distribution or just a pause at the highs?Initially I viewed this as a distribution event from the analysis that I set out below, but since the UK announced support for first time buyers and help to buy, I am wondering if this could support their sales? Maybe not, maybe there isn't that much steel that goes into homes, its mainly bricks and cement? We could be seeing a very long period of distribution playing out with the steel fabricator Severfield. The price has essentially flatlined after a strong move from 28p to 38p. It’s now ver

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NG.: pullback absorbed as buyers keep loading up This looks like a classic case of stopping volume, and when you can time these right and manage the risk accordingly they’re often one of my most effective setups. After around six months of price decline, it seems the price has reached a point where investors are happy to dip into their pockets again. Wednesday was the key session last week. The price broke upwards, only by around 2.16% on the day, but the effort behind the move validates this as buyers stepping in and taking out the ASK pric

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BTC market makers testing for supply above?The chart for BTG Consulting is making a nice bowl here, consolidating sideways which has turned into rising lows. The breakout on Friday looked like an opportunistic move by the market makers to test the liquidity above the current price. The price then drifted back on the day, yet crucially the volume kept increasing. To me that combination looks like buyers mopping up the sell orders, with the market makers knowing supply above here is thin. Lets see if it can squeeze back up to its highs.

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PRN fundamentals finally catching attention Princes hasn’t been listed very long and was clearly shunned by investors at the IPO, losing around £370m in value. There are some positive comments around the stock at the minute. Revenue and profits are up and it’s sitting on an enormous cash pile. That alone has prompted me to look a little further and add it to the watch list, although the margins are fine, and I’m never a fan of that. The chart is interesting too. It’s what the hardcore technical traders would call a double bottom, with t

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KIE a fascinating VPA setup. I wanted to start with something a little different here, an illustration and a cracking example of VPA in action. Normally when I see explosive moves like this I find it very hard to get involved, because you can get whipsawed out of a position very quickly. But it’s a great example of why Volume Price Analysis matters. What we have is an anomaly in price versus volume over the last three trading sessions. Wednesday16th: Price move 11.49% - Volume traded 6.34m Thursday 17th: Price move 4.46

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SVS sellers distributing into the recent run?Savills has been on a lovely run since summer. It’s a global real estate advisory business, transactions, valuations, capital markets, so earnings lean more on deal volumes than on steady rental income, worth bearing that in mind given how sensitive it’s been to transaction activity in the past. Price action shows clear exhaustion as it’s approached a previous level, sellers distributing into the move. The last three sessions are the real story though, big volume three days running, yet price h

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NIOX heavy 5.5× volume looks like distribution I often flag stocks that have run into previous resistance and start showing signs of rolling back over. NIOX fits that pattern, signs of distribution, a week or so of consolidation, and now price has broken down from that area. Hard to ignore the volume on Tuesday last week, 5.5x the average, around £2.3m in value. That’s a big print for this one. Could someone be distributing here? Looks that way to me.

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MAB volume spike hints at holders unwinding Mitchells & Butlers is showing a degree of weakness, and possibly forming the early part of a trading range. I added this annotation on Wednesday last week, a down day for the stock. Price did attempt a push to the upside, only to get rejected. Volume spiked too, slightly above average, worth asking whether someone was selling into that rise. Price looks a little weak here to me, and the fact it’s already rolled over suggests some holders are unwinding their positions.

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KIST: Heavy volume above price looks like distribution For those not too familiar with my annotations, an annotation placed above price action generally signals negative sentiment from me, while anything below tends to be bullish. My first read here was negative. Price has approached a previous level with a large amount of volume behind it, and it’s looking exhausted, three upper wicks now rejecting around 330p. But something about the tight price action here leaves me a little uncertain. Might be the series of higher lows, can’t quite put my fing

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HUW insider buying adds weight to the setup Strong price move last weeks pulls this one even further out of this area of consolidation, in fact it was a a very minor area of contraction over the last couple of weeks. Worth zooming in and taking a closer look at those rising lows, a pattern I love seeing because it often results it prices breaking out. Whilst the breakout volume here might seem small compared to the last 6 months, it is very slightly above the average, and I think the probability of this one continuing to its recent highs

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JUP August volume picking up thanks to the buyback Jupiter Fund Management next, lots of choppy sideways action here and not a name I follow closely, but the chart’s telling an interesting story. What caught my eye is the volume picking up through August, unusual for what’s normally a quiet month. Some of that’s explained by the company’s own buyback, running since April and still active, weekly purchases have been going through at prices up to 164.4p. That gives the stock a steady bid underneath it, worth knowing when you’re reading the volume

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TPFG strong update and heavy volume at a key level.Big fan of this one on fundamentals, Property Franchise Group has grown its market share substantially over the past few years. I held for a while but took some money off the table around a year ago to fund other opportunities. The recent trading update backs up the story. Revenue and profit both up 7%, with franchising and financial services doing the heavy lifting, licensing holding roughly flat. Solid numbers in a housing market that’s hardly been firing on all cylinders. Worth noting the w

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ANIC: price driven lower, buyers stepped in Negative sentiment is in full swing here, and Agronomics has been selling off hard since June. Very complicated one to get your head around, it’s an ‘investment company backing cellular agriculture and alternative protein businesses’ cultivated meat and precision fermentation’, just rolls off the tongue. Worth noting the strong uptick in volume at the end of last week. Friday in particular, price sold off hard intraday only to retrace back near the open, a deep wick with a very clear rejection

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BOKU breakout into thin air toward 139p BOKU has made a new price move here, pushing the boundaries from the previous gap down back in July. Volume profile on the right tells you why this move has room to run, there’s very little volume sitting between here and the next resistance zone around 139p. Thin volume above means less selling pressure to work through, so a push toward that level wouldn’t be a huge surprise, though nothing’s guaranteed from here. Worth flagging too, BlackRock’s been trimming its BOKU position steadily since

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BOWL threeday consolidation on heavy volume First on my radar this week was Hollywood Bowl. A strong and steady performer which caters well to its family audiences, I was a big fan of its competitor years ago, Ten Entertainment, which eventually got bid for. Notable falls this week on decent volume with no news behind it as far as I can tell, and its the last 3 days which have caught my attention. The volume continues to pile in, yet it would seem the buyers have come steaming in causing the price action to consolidate for a few days. Ot

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ASHM sharp dip then instant recovery on big volume.A nice looking bowl pattern forming here, price action has been very slowly tracking upwards. Interestingly, when I added a note on the chart last Friday it looked very much like a tree shake. A large downward lurch in price, only to retrace on really strong volume, right before today’s earnings. Is it a coincidence the results were so positive? Assets under management up 13%. Gross subscriptions rose 92% and redemptions dropped 20%. Pre-tax profit increased 17% to £126.9m. Price opened lower

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