1. Accumulation stage - Change of trend started with volume - Long period of accumulation (6 months)
2. Heavy Selling at Resistance - High volume bars with Up-Thrust
3. Removal of Weakhand-Holders - A shakeout below support level with Spring bars
Successful tested support after the shakeout.
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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