$CYBF Has consolidated from its highs of .89 last month after the massive shareholder update listing several upcoming catalysts for the company. Namely the Acquisition of Just Content Software and the Rebranding of the Vivio App. The Cyber-fort Twitter has been very active and the company is working behind the scenes to get everything done. I anticipate major...
Mentioned lines will act as support or resistance according to open price of stocl
It is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an...
Naspers has been in a down sloping channel since it a throw over of the long-term trend channel and Buying Climax (BC) formed in November 2017. It has now reached the oversold line of the long-term channel and there has been some bullish action. We see a spring with increase in volume on the reaction also seen in gaps to the upside. The Volume RSI has shown...
PSG Group has been ranging since a selling climax (SC) in January 2018. Recently there was a change in character after a breakout of a small trading range with a minor sign of strength. Price has marked up to the top of the trading range defined by the Automatic Rally (AR) after the SC. However, supply is seen with some effort without response also indicated by...
Since last month BIL has been pushing the overbought trend line (See last months tracking of BIL in the link below). It is now trading in a range with continued tests of the highs. There is multiple divergences between price and the Volume RSI indicating a possible break back to the oversold line. A second set of double tops can be seen. After a drop in volume on...
Cenovus Energy seems to be swinging wildly as it gets ready to settle in for the winter. Here are two trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 10% gain in 9 days Trade #2 - 6.5% gain in 1 hour (!) (Side note: For me, trade #2 is still "open" as I feel like there's room to run. But you could...
10K Only covers through July 31st It seems they may have made some progress on the Urban Development then and now, possibly the closing of the deal. Also of note the possibility of a buyout, especially since the O/S and Float has remained the same since the start of the year. Needless to say the accumulation is through the Roof, which says alot ;-) www.otcmarkets.com
GFI has been an interesting chart to look at from a Wyckoff perspective. GFI had been stronger than the sector group (Gold Miners J150). However, with the sharp decline was lagging the sector and now is again showing strength. After the initial decline we had a redistribution range with an upthrust after distribution (UTAD), some low volume tests of the UT and a...
Exxaro has be in a strong upward stride. In the recent move from the oversold line there has been two stepping stone re-accumulations. The current re-accumulation is about to be broken which would continue the move to the overbought line.
The gold price is showing strength and with it gold stocks. HAR has broken its accumulation range and backed up to the range on declining volume. A strong rejection of the Yearly Pivot Point could indicate that the markup is about to start.
AMS has been in a range since 2013. Signs are that this range has been an accumulation range after a decline. After a spring in Phase C we have had a test on low volume in Phase D and signs of strength (SOS) according to a Wyckoff analysis. In Wyckoff language the SOS could be seen as a jump of the creek. There is currently a pause at the top of the trading range...
PPC has been forming a base since the middle of 2016 after a down trend. The downward stride has been broken. We see low volume on the down moves and increased volumes on the up moves (Signs of Strength). After a spring we see price finding support at the yearly pivot point. After a doji formed on increased volume, a bullish reaction and divergence with the...
Following on from September's evaluation (See link below) the following. The pullback after the breakout seem to be a formation of a new trading range. Following the Wyckoff logic the breakout was on relatively high volume and the pullback to the previous trading rang a Automatic Reaction (AR). We have had another test of the bottom of the new trading range with...
Murray and Roberts has been in a long trend with redistribution stepping stones. However, the resent trading range is showing Signs of Strength (SOS). There have been high volume, wide spread green bars showing demand for the stock. Price has broken out of the trading range and backup to test the trading range again. The stock now looks ready to start the markup...
Since last months Wyckoff evaluation of the trading range (see link below) we are still waiting to see a change of character signalling that the creek will be jumped. Price has tested the bottom of the trading range on low volume indicating that supply has dried up. Volume has been low since the previous high volume test of the bottom of the trading range....
FSR has a similar structure to RMH (See link below). FSR has also found support at the previous accumulation range and the Yearly Pivot Point. With the Rand (ZAR) strengthening (See link below) this also provides support. The high volume after the breakout can be seen as a Buying Climax (BC). The bottom of the range provides support on higher demand volume. We...
There are one intraday levels what will be interest me in this week. This Intraday short levels are based on : Volume accumulation + Strong rejection of higher prices What is strong rejection of higher prices? This pattern is made when the price goes one way aggressively and then turns quickly and with the same aggression and speed goes the...