following on with my last post of having a look at intraday shakeouts
I've done a chart up on WTF, that clearly shows the boys in action with a huge day shakeout bar
here we can see after WTF was in a long uptrend they decided to start offloading via some distribution (actually it happened very quickly) and with the prices falling in the downtrend it appears that the final shot that they fired was the SHAKEOUT
the sole purpose of it was to gather as many shares as they could at bargin prices for what hopes to be their new low
now it appears that they've gone thru a bit of accumulation since then and I note they also had an announcement last week
this is not a buy/sell recommendation, this is an example of how we look at the charts, how we break them down to kind of imagine what's fueling the price movements, take a step back and read their LT/ST strategies
P.S. hi R2R, also rallypoint if your short a quid for a trade just pass over your bank details and I'll transfer a bit over until next payday :-)
