JSE:MTN Selling Climax

24 Kas 2018

Since the end of August volume has been high on MTN indicating that someone is buying while everyone else is panic selling. Last week was the highest volume since October 2015. Following the Wyckoff logic we expect a Automatic Rally (AR) which will form the upper bounds of a Trading Range (TR). We will then have to watch if this is another redistribution or accumulation.

1 May 2019

Not

There has been a break of the TR that was formed after the Selling Climax (SC). There are signs of strength (SoS) with persistent advancing volume. Price has pulled back to the yearly pivot point on low volume. Once this is complete the advance could continue.

6 Haz 2019

Not

The advance continues

23 Haz 2019

Not

Mark up still going on.