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Uptrends were going to be my next study. I want to know how...

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madbutcher

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18/10/19

01:24

Post #: 40942774
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Originally posted by Lambrae: ↑

Hi Bosco . IHL . We would assume that the big player sold at the top , considering how high the share price has risen from it's lows , and considering the high volume and upperwick , and the deliberate gap up. If he sold there and still intends on taking it higher, he would have needed to buy back his supply. He didn't do it in the big shake out , as the low pullback didn't produce volume . If he bought back in at all, it would likely have been on the high volume bar , marked with the orange arrow . This bar also filled the gap, and provided support .. If the share does go higher , I would think it would be for the purpose of distribution at a higher point , and would watch for it. You would see it being overbought and showing weakness. I don't have a strong recommendation. I am no expert. I have mostly studied downtrends rather than uptrends, looking for the bottom. Need to do more study on uptrends. But that is a bit more info to add to the mix. I don't hold . IHL.

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Uptrends were going to be my next study. I want to know how those things start so I can get on the bus!
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