A few days ago, I identified the different market phases through this company's graph: uptrend, distribution and downtrend, which could imply that the market is right now within the accumulation phase.

This phase is characterized by the price of these shares being lateral and, when this phase ends, a new trend will begin. Therefore, I consider that keeping an eye on this company can be interesting in order to identify the brand new trend as it starts, so that we can open positions in favour of it.

If we have a closer look at the last candles that have been drawn in this graph, we can appreciate that the price of these shares has recently tried to break the accumulation range downwards. Nevertheless, buyers have been strong enough as to not let sellers to. The uncertainty surrounding the price's future direction is still there, so we will keep on waiting until we observe a clear brekout.
accumulateaccumulationaccumulation_distributionaccumulationzoneBeyond Technical AnalysisbreakoutChart PatternsmarketphasemarketphasesTrend Analysis

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