Based on Luye Pharma Group LTD weekly chart, a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2). Smart money took a 8 months, from April 2017 to Dec 2017, to accumulate, with the evidence of Sign of Strength as iVSA chart above. Luye Pharma Group LTD broke through the resistance level in Dec 2017 with volume. Smart money continues to mark-up the price in few weeks after the breakout.
Price is consistently moving upwards. Luye Pharma Group LTD reached maximum high and we can see great profit taking have take place. To ensure the smart money continues to participate on the uptrend, we prefer to wait for more Sign of Strength.
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