GREENYB 0136
Requested by one of our subs as well.
I am starting to see a pattern here as most the stocks recently had similar patterns. The casual ranging collection followed by a mojor push. All the signs might lead to something big cooking behind, perhaps by September we will see.
Before we see the major push today, as usual we see a collection pattern. There are many types of collection patterns and for this case, it is the Mini Resistance Fibo Collection Pattern. How? If you notice properly, prices had rejected thrice at the 0.618 level, at the same time lower highs are forming as well.
While all these are happening the volume is steady. Combining all together we can come into a conclusion, the bankers are collecting.
The breakout yesterday served as a confirmation that the collection had been done and the push has begun.
Industry: Consumer Products & Services.
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