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Another Wyckoff candidate

markd
markd mod
edited September 25 in Trading Strategies
Some action in the lithium space recently. Lithium America was the big one, but there are others worth a look.

Here's one that shows dramatic accumulation without price rise, a hallmark of Wyckoff situations.



note: although there appears to be "streak up" in July, the bottom fishing scan in a previous post ( "A scan to spot strong buyer interest near 52 week lows" ) doesn't pick it up because it contains a couple of equal closes that interrupt the streak. Unfortunate.

Comments

  • lmkwin
    lmkwin ✭✭
    That Scan won't pick it up because SGML is not in the SP500 as well as the Streak Up issue with the black candles you mentioned. SGML does show a WEEKLY Streak Up 4 in July but not on the Daily.
  • markd
    markd mod

    I should have mentioned that I did adjust the scan to [group is NonferrousMetals] from [group is sp500]. Sorry to mislead.

    Thanks for the tip on the weekly.

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