We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) which is still persistent based on Aerojet Rocketdyne Holdings Inc Common weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took 6 months, from Jan 2017 to July 2017, to accumulate. Aerojet Rocketdyne Holdings Inc Common broke through the resistance level in Nov 2017 with volume. Smart money continue to mark-up the price for more than 80% in just 4 months after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
Aerojet Rocketdyne Holdings Inc Common reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in Nov 2017. Price continues to go up but moving sideways. We prefer to wait for more Sign of Strength to ensure the smart money continues to participate on the uptrend.
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