Volume Indicator
JSE:CLH City Lodge AccumulationSince the lows, in March 2020 City Lodge Hotels has seen increased trading volume on the JSE at the 320 level and below. We have now seen a pullback to this level which is also the 50 and 200daySMA with increased volume significant bar. This looks like the markup in Phase D of the Wyckoff trading range and we can expect this to continue to the top of the trading range at the yearly pivot point around 670. After a test of this level, we will look for a breakout of the trading range and the markup in Phase E to begin.
JSE:PPC Buying Climax?A high volume buying climax in the last couple of day is playing out the accumulation range previously identified and we are now in the markup phase. See the post made in January below. However, the high volume is likely to be a buying climax that is likely to roll out into a trading range. This trading range is likely to be a reaccumulation trading range and there is some space for the next major resistance. For now, we watch for the accumulation range to play out to see if the markup will continue.
LUSTER - Breakout Down Trendline With High Volume #MYX
DAILY 3/4/2021 :
Breakout : Down Trendline
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 7.5x times
Trading Breakout Value : Rm69 Juta
Weekly 29/3/2021 :
Breakout : Down Trendline
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 1.6x times
Trading Breakout Value : Rm103 Juta
UBER Breakout ImminentThat 9 EMA is lurking underneath that 21 EMA
Sitting at an area of support
Got a bullish catalyst with some price target upgrades
Sitting above the point of control on the vol profile
Trading at key fib levels.
We should see a 9/21 bullish cross at the upside cross of the 50% fib, to try to retest the downtrend resistance.
JSE:SHP Shoprite Up Thrust and Failed TestShoprite had a push to break the yearly pivot point with some volume but after a the upthrust (UT) there has been two lower volume test that has failed. A large reversal bar yesterday also indicates the path lower is open now. We are likely to test the 10000 level and potentially breaking it. This looks like a backup (BU) after the breakout of the previous trading range (see posts below)
JSE:J200 Top 40 Consolidation at Start of FebruaryThe JSE has had a good run showing some signs of strength (SoS). After a spring and markup, we tested 60000. Buying interest is lower than November/December which could indicate some consolidation in the short term. This could result in a backup with a set of the breakout level at about 54000. Will watch how this develops.
JSE:NPN Naspers Markdown in Phase D DistributionFollowing the weakness in Naspers - see posts below - since December we are now being marked down in Phase D as defined by the Wyckoff distribution range. We have seen a couple of tests of the highs that have failed and we are likely seeing a transfer of stock from strong to weak hands. We are now anticipating a break of the upsloping distribution range. Distributions can often be quite dramatic so watch for some sudden moves. Manage your risk.
JSE:MSM Massmart The CO is BuyingHigh volumes in Massmart is pushing the price higher and buying is becoming ever increasingly desperate. A bigger bar than has been seen with some volume but not that high is showing that the has been bought up by the "Composite Operators"/"Strong Hands" and there is not enough stock to satisfy the demand. This should push the price higher.
JSE:DGH Effort without responseFollowing the markup of Distell - see post links below - after the breakout, we have seen a consolidation recently. There has been some effort (high volume) to push the price down but the response was only a shallow pullback not even making it back to the breakout level. We have now seen a significant bar and we are now looking for a continuation higher.
JSE: Redefine Properties Markup?After following Redefine down since mid-2019 it is time to follow it up - see posts following it down below - it is now time to follow it up. A base was formed starting in March 2020 which has turned out to be an accumulation trading range. A last point of support (LPS) was formed making higher highs with signs of strength (SoS) with some volume behind the move. After reaching the top of the trading range we have seen a pause but the price has not been able to break back into the trading range and we are now watching for the markup to begin with a significant bar higher.
JSE:NPK Nampak MarkupNampak has formed a long term (on the weekly timeframe) declining wedge that has been broken and the mark up has been started. We have seen above-normal volume on the stock, a break of the base that was formed since early 2020, signs of strength (SoS), backup (BU) to the trading range, markup and now a reaccumulation at the yearly pivot point. The volume indicates that we can expect a next step higher in the markup.
JSE:IVT Invicta Breaking Down TrendInvicta has moved up from the bottom of the downtrend which we followed - see link below. After breaking the downtrend some consolidation has taken place but after a spring and some volume the consolidation above the downtrend price has broken higher and we can accept that the downtrend has been broken and we are looking for a markup to higher prices.
BANKNIFTY "SELL" TARGET - "34000" till 26 FEB 2021"DONT BUY BANKNIFTY TILL 26 FEB 2021"
BANKNIFTY CAN GO TO "34000".
IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT.
IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021.
REASONS ACCORDING TO ME-
1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP.
2)VOLUME OF SELLING SIDE IS STRONGER THAN BUYING SIDE OF BANKNIFTY. YES INDEX DOESN'T HAVE VOLUME BUT INDEX STOCKS HAVE. IF YOU SEE BANKNIFTY INDEGRIDIENTS OF STOCKS YOU SEE THAT SELLING VOLUME IS MUCH POWERFUL THAN BUYING VOLUME. SO " "SELLING POWER CAN TAKE OVER THE PRICE AND BREAK IT DOWN TO 34000 TILL 26 FEB 2021.
3)IF YOU BUY BANKNIFTY I THINK YOU ARE BUYING LOSS.
THANKS.LETS SEE .MEET YOU ALL ON FRIDAY.
JSE:TON Tongaat Volume Remains HighFollowing Tongaat off the base that was formed - see posts below - the stock has made slow progress with sharp rises followed by drawn-out pullbacks. However, volume remains high and the stock is being accumulated. Now after a test of the yearly pivot point, we can again expect the stock to make further progress in its rise.
AUD/CHF continue with the Uptrend ☝️On AUD/CHF is nice to see strong buying reaction from the price 0.7054 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Buying activity + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
Li Auto Why so sideways?Li Auto was looking very good to me, but now I'm not so sure. Typically, the textbook Bull Flag that it created would already have experienced a breakout. The elongated symmetrical triangle is also not sending any clear signals of which way it'll go. With volume low and earnings looming, we have seen LI find support and cool off. I still remain bullish behind the company. Expecting breakout in the coming weeks, especially behind good earnings. Only Time Will Tell. *NFA*