Based on Malayan Banking BHD weekly chart, a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2). Smart money took a 9 months, from April 2017 to Jan 2018, to accumulate, with the evidence of Sign of Strength as iVSA chart above. Malayan Banking BHD broke through the resistance level in Jan 2018 with volume. Smart money continues to mark-up the price in few weeks after the breakout.
Price is consistently moving upwards. Malayan Banking BHD 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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