Above iVSAChart for Poh Huat illustrate how smart money works in market stages. Accumulation started in April with lots of Sign of Strength to test and remove all the supply in the market.
Mark-Up stage started in mid of July with volume. This indicates smart money already removed all the supply after few months of accumulation and pushes the price to recent high at RM1.70 (> 80%).
Notice there are Sign of Weakness appeared earlier in October. This shows smart money is taking profit and we might in distribution stage. If the profit taking continue, we will see Mark-Down stage soon.
However we have Spring bar today and supported very well at RM1.45. We would like to see more Sign of Strength next week to ensure smart money can push further and break new high.
With the right system and technique, you can follow and profit with smart money too. Using Poh Huat as example, you can potential gain more than 80% just within 3 month with ease!