We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on TENFU (CAYMAN) HOLDINGS COMPANY LIMITED weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a 7 months, from March 2017 to Oct 2017, to accumulate. TENFU (CAYMAN) HOLDINGS COMPANY LIMITED broke through the resistance level in Oct 2017 with volume. Smart money continues to mark-up the price for more than 5.13% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
TENFU (CAYMAN) HOLDINGS COMPANY LIMITED 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 is consistent moving upwards. We prefer to wait for more Sign of Strength to ensure the smart money continues to participate on the uptrend.
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