JMFINANCIL: Wyckoff Method Signals a Strong Buy Opportunity

Wyckoff Story
  • Prior to trading range we were in downtrend and then we have SC and CHoCH (Change of character). Let’s assume our bias is accumulation.

Down wave Analysis
  • We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.

Volume Analysis
  • We have supply decrease from Phase A to Phase C indicating supply is being absorbed.


Final View
  • Bullish on the stock
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