May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?
Upbar & downbar do not represent anything as they can be hidden buying or selling. Distribution usually happens at the top and accumulation at the bottom. Other hints to look for are patterns and structure.
This is the first step to suspect an accumulation but needs to confirm by looking at the structure and pattern. Sometimes, without looking at other hints, it could be another escape wave for big boys to unload.
@cephasyu Absolutely! As stated in my last paragraph, "Should it break the neckline, the immediate target price is 0.90". Breakout is definitely a trigger :)
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andyhard
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Posted by andyhard > 2017-01-17 19:36 | Report Abuse
May I know how you define as accumulation from the volume of the weekly chart where there are upbars and downbars? Could it be distribution on high vol?