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what price is your pull back B at? As in if market conditions...

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whoamI22

195 Posts.

33

25/01/22

20:32

Post #: 59130398
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Originally posted by akgo01: ↑

I cannot remember whether the pullback A occured in a similar market condition as the pullback B. But I see them as the same kind of a sharp simple pullback. They both moved from all-time high (high above EMA 9 line) to below EMA100 line, which I believe to be the bottom of the pullback, within 6 trading days.

The volume today, a down day, is above average. I take that as a sign that the smart money absorbed the big sell-off today. If my reading is right, then there will a period of accumulation by the smart money like after the pullback A before the share price starts climbing up again.

But, I think unlikely, if the market conditions worsen, the pullback B will be a reversal.

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Originally posted by akgo01: ↑

I cannot remember whether the pullback A occured in a similar market condition as the pullback B. But I see them as the same kind of a sharp simple pullback. They both moved from all-time high (high above EMA 9 line) to below EMA100 line, which I believe to be the bottom of the pullback, within 6 trading days.

The volume today, a down day, is above average. I take that as a sign that the smart money absorbed the big sell-off today. If my reading is right, then there will a period of accumulation by the smart money like after the pullback A before the share price starts climbing up again.

But, I think unlikely, if the market conditions worsen, the pullback B will be a reversal.

Expand

what price is your pull back B at? As in if market conditions worsen?

Last edited by whoamI22: 25/01/22

AKE Price at posting: $9.16 Sentiment: Hold Disclosure: Not Held
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