IOU Chart, page-1459

Accumulation Schematic Phase D - Ending

After yesterdays strong price action & also the slight pullback on just above the .265c previous resistance shows that we are nearing the end of Phase D. During this phase, we are clearly seeing signs of major strength from the institutions regularly and demand is stepping up by massive volume and big price spreads. Most of the pullbacks are generally on low volume or small trades to bring the price down (Bots) and small price spreads. This would be the Backup/Last point of support, where the price would hover just above the last resistance point to check for the last weak holders/supply, before we push towards the final Phase E, which is the "mark up" phase. "Mark up phase meaning, long rally incoming."




The graph above clearly shows the second Sign of Strength (SOS) with big volume, and small pullback on low volume repeatedly. I’ve drawn the second SOS to .30c on the graph to show you a clearer understanding of what has happened, and the consecutive small test (pullback) to .275c.

Overall based on the schematic, we can expect a small pull back on low volume at the BU/LPS for a short period, before demand comes into the stock very strongly for a nice long rally. When Phase E starts, we can assume that .30c is the start of Phase E, as we haven't been able to get over the .30c price target as of yet.

Key points:

1. Price increases on huge volume & big price spreads
2. Small pullbacks on low volume and small price spreads
3. Higher-lows going forward