We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on MALAYAN FLOUR MILLS BHD weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a 4 months, from April 2017 to Aug 2017, to accumulate. MALAYAN FLOUR MILLS BHD broke through the resistance level in Aug 2017 with volume. Smart money continues to mark-up the price for more than 8.02% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
MALAYAN FLOUR MILLS BHD reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in Aug 2017. Since the Red Arrow appeared, price plunges slightly and now 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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