Based on the daily chart above, the re-distribution stage is spotted on 20 August 2018 when Bullish HeatZone turned to Bearish HeatZone. This is the early signal of potential selling by the Smart Money and this is confirmed by another exit signal on 3 September 2018 when the price broke below ATR Stop Loss. The early exit signal by detecting the hidden selling can avoid a loss of -19%.

Notice how stage 4 (mark-down) is formed after price broke below ATR Stop Loss with further confirmation on the Sell-Off bars as shown in the chart above. Smart money trap weak-hand holders again on 2 November 2018 by marking up the price with high volume and continue the distribution forcing the price close at the low or below support.

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Disclaimer

This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.