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Volume Indicator

JSE:CLH City Lodge AccumulationSince the lows, in March 2020 City Lodge Hotels has seen increased trading volume on the JSE at the 320 level and below. We have now seen a pullback to this level which is also the 50 and 200daySMA with increased volume significant bar. This looks like the markup in Phase D of the Wyckoff trading range and we can expect this to continue to the top of the trading range at the yearly pivot point around 670. After a test of this level, we will look for a breakout of the trading range and the markup in Phase E to begin.
JSE:CLHLong
by SteynTrade
JSE:PPC Buying Climax?A high volume buying climax in the last couple of day is playing out the accumulation range previously identified and we are now in the markup phase. See the post made in January below. However, the high volume is likely to be a buying climax that is likely to roll out into a trading range. This trading range is likely to be a reaccumulation trading range and there is some space for the next major resistance. For now, we watch for the accumulation range to play out to see if the markup will continue.
JSE:PPC
by SteynTrade
JSE:NPN Naspers Markdown in Phase D DistributionFollowing the weakness in Naspers - see posts below - since December we are now being marked down in Phase D as defined by the Wyckoff distribution range. We have seen a couple of tests of the highs that have failed and we are likely seeing a transfer of stock from strong to weak hands. We are now anticipating a break of the upsloping distribution range. Distributions can often be quite dramatic so watch for some sudden moves. Manage your risk.
JSE:NPNShort
by SteynTrade
2
JSE: Redefine Properties Markup?After following Redefine down since mid-2019 it is time to follow it up - see posts following it down below - it is now time to follow it up. A base was formed starting in March 2020 which has turned out to be an accumulation trading range. A last point of support (LPS) was formed making higher highs with signs of strength (SoS) with some volume behind the move. After reaching the top of the trading range we have seen a pause but the price has not been able to break back into the trading range and we are now watching for the markup to begin with a significant bar higher.
JSE:RDFLong
by SteynTrade
BANKNIFTY "SELL" TARGET - "34000" till 26 FEB 2021"DONT BUY BANKNIFTY TILL 26 FEB 2021" BANKNIFTY CAN GO TO "34000". IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT. IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021. REASONS ACCORDING TO ME- 1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP. 2)VOLUME OF SELLING SIDE IS STRONGER THAN BUYING SIDE OF BANKNIFTY. YES INDEX DOESN'T HAVE VOLUME BUT INDEX STOCKS HAVE. IF YOU SEE BANKNIFTY INDEGRIDIENTS OF STOCKS YOU SEE THAT SELLING VOLUME IS MUCH POWERFUL THAN BUYING VOLUME. SO " "SELLING POWER CAN TAKE OVER THE PRICE AND BREAK IT DOWN TO 34000 TILL 26 FEB 2021. 3)IF YOU BUY BANKNIFTY I THINK YOU ARE BUYING LOSS. THANKS.LETS SEE .MEET YOU ALL ON FRIDAY.
NSE:BANKNIFTYShort
by Trading_Khiladi
11