CKA 4.00% 7.8¢ cokal limited

Chart, page-2386

  1. 15,158 Posts.
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    it continued to hold support today which i find surprising given the delay.
    i was expecting a visit below the support line during the day for a test of supply.

    buying volume today was low, but there was no selling either.
    not bad given the weak day we had yesterday.

    another thing to look for is 'conjunction of lines'
    in this case, the lower trend line (green) intersected with the support line (black) today.

    tomorrow or shortly thereaafter will be interesting to see how the chart reacts to this.

    apologies for the commsec chart, my hubb software is down.

    fyi wycoff vsa generally requires a daily review of the chart.

    cka.JPG
    Last edited by onetricky: 11/01/18
 
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