TOPGLOV ( and other glove counters) has been in downtrend for the past 2-3 months. Yesterday 4/1/2021 there was a widespread down bar with ultra-high volume. And the next day price actually gain a bit. Yesterday's volume was actually the highest daily volume since 2018. We can see also that the close of the bar was higher than the low, therefore indicating there...
Hi, I think AXIATA has completed its accumulation period and will be going up soon
Line A is a major support line, and price had been in a downtrend until it reached this level
Bar 1 (Aug 28) & 2 (Sep 1) were down bars with ultra high volume, indicating that Smart Moneys had stepped in to buy this stock.
Bar 3 (Sep 2) was a small spread bar but the volume again...
The price had been in a downtrend for quite some time, and now hovering near the major support line A
We saw a wide spread down bar with high volume at 1, then price went side ways. Bar 2 was another down bar with ultra high volume, but yet price did not go down any further. Therefore probably smart money has bought at this level, and accumulating this...
This analysis is based on VSA principles:
Line A was a major support line, which was broke by bar 1 and 2 with below average volumes (its a free fall, because Smart money was not interested in supporting the price there)
Bar 3 was a selling climax - ultra high volume that indicated panic selling buy public and the smart money was buying.
Bar 4 was a...
A down bar with average spread, closing on the low with an ultra high volume - a selling climax? If the spread is considered as low spread, then it should be called "bag-holding" according to VSA terms
Price is near a major support line, this kind of volume may indicate heavy buying of this counter by the professional money.
I'll wait for further VSA action,...
I'm looking for a short term rally on this counter, based on this VSA formation
Bar 1 - Ultra high volume down bar, indicating there were smart money buying and supporting the price at this level
Bar 2 - retest of the area of bar 1, now with lover volume
Price moves above the high of bar 1, and we saw at bar 3 price re-test the area of bar 1 (where there...
Possible Wyckofff Reaccumulation phase in this counter
A - a major support turned resistant line
1 -Preliminary Supply
2 - Buying Climax
3- Automatic Reaction
4 - Spring on light volume
Up move from 4 to 5 - minor Sign Of Strength /Jumping Across Creek
6 - No Supply bar
From 2 to 5 , volumes had decreased which may indicate gradual accumulation by Smart...
It seems like FKLI had a possible Wyckoff distribution phase below the horizontal line A, which was a major resistant line from end of 2019.
Price had been in a trading range between the high at point 1 (possible buying climax) and the low at point 2 (possible Automatic reaction according to Wyckoff distribution schematic).
Point 3 could be an upthrust and...
According to recent news, The JB-Singapore Rapid Transit project is expected to resume. I'm not really good in analysing news, but one of the companies that I read that may benefit from this project is HSS.
Looking at the chart of HSS, there is an appearance of a Wyckoff accumulation phase. (Or is it a re-accumulation?)
We have bar 1 which could be a...
This one is self explanatory
We had a resistant at bar 1, which later was broken upward at bar 2 with a strong volume.
Price then slowly retraced back to the horizontal line A. It managed to hold once at the low 3.
Price recently broke below low 3 in a slow low volume pattern, which may indicate a potential spring of the low 3.
Bar 4 was a wide spread up...
In mid May, price broke above horizontal line A at bar 1. Line A was a siginificant resistant line from early 2020.
On June 2nd, price re-tested line A, making this line A a significant axis line. Price rallied and break above resistant line B.
Then price slowly declined after the high on June 15th. Fast forward to July 16th, price gapped down and formed a...
A spring is where price breaks below a support level then rises again and moves up, which is also known as false breakout. It is best traded in and uptrend and not in a downtrend.
Here we can see price is in uptrend for few months. The horizontal line 1 is a support line and has managed to support price at bar A and B. On 19th July (green arrow), price...
I think this hourly TF shows a nice VSA/Wyckoff accumulation pattern
We have a confluence of horizontal line A which was a previous resistant than has been broken to the upside, and the up trendline C which has been supporting price before (please zoom out the chart to clearly see the significant of these two lines)
Bar 1 and 2 both had high volume and...
Price had broken out above the horizontal line A at candle 1, and then retraced back to line A but for many days , price failed to close back below line A (now a support line)
At bar 2, price managed to close below line A, but the next day it rallied again and closed above line A. This created a potential spring formation at the bar 2.
As we can see from...
The story :
Price had been increasing steadily in the past weeks, and currently hovering below the resistant line A which was a major high pivot back in March 2020.
There was a Shortening of Thrust on the upmove recently (compare up move 2 with up move 1), which is a sign of weakness.
On the Weiss wave indicator below, we can see that the cummulative volume of...
Hi, DIGI had been hovering around the horizontal line A (4.230) which is an axis line (where support became resistance and vice versa).
The story :
Price made a down move no.1 which ended at the low B, then rallied again.
Then it made another attempt with down move 2 with the low at C, it was able to go slightly below the low of B, but then rallied again.
VIZIONE recently broke above resistant line A , and then retraced and consolidated above support line B.
So far price unable to break below the support line B.
The most recent down wave (labelled as no. 2) also at the moment unable to break below line B.
If we look at the Weis Wave indicator, we can see that the down move 2 had a much higher cummulative volume...
HI, this looks like a classical retest-after-breakout setup
Line A is the previous resistant at B, then price broke up at C with strong volume (effort to rise).
Price later retraced back to line A, and the last downmove 1 was associated with low volume, thus showing lack of selling pressure (No Supply)
After retesting line A at D, price moved back up ( up...