We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on LIJUN INT'L ORD weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a 4 months, from March 2017 to July 2017, to accumulate. LIJUN INT'L ORD broke through the resistance level in July 2017 with volume. Smart money continues to mark-up the price in few weeks after the breakout.
LIJUN INT'L ORD reached maximum high and we can see great profit taking have take place. Price is consistently moving upwards. We prefer to wait for more Sign of Strength to ensure the smart money continues to participate on the uptrend.
No comments:
Post a Comment