We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on MALAYSIA AIRPORTS HOLDINGS BHD weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a 10 months, from May 2016 to March 2017, to accumulate. MALAYSIA AIRPORTS HOLDINGS BHD broke through the resistance level in March 2017 with volume. Smart money continues to mark-up the price for more than 2.04% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
MALAYSIA AIRPORTS HOLDINGS BHD reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in Sept 2017. Since the Red Arrow appeared, price plunges slightly and now moving sideways. On Jan 2017, Signs of Strength was noticed which ensure the smart money continues to participate on the uptrend.
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