All hypothetical but stocks go through phases
Markdown accumulation markup distribution
Its pretty obvious that IXC has been in the accumulation phase after mark down
Once it breaks out of accumulation phase it brings in the mark up stage which is what those wick and stuff in the accumulation phase come into play
For example like this, wicks lined up perfect
Its why IXC is so compelling, cause its yet to start its MARK UP PHASE and this isnt DISTRIBUTION but ACCUMULATION. Its why buying at the base/accumulation phase of a stock is easy money if you are willing to wait.
All just hypothetical above, but you get the gist. This recent low also has me thinking its the SPRING that I went on about with the Wyckoff theory
@BagsOBucks
All IMO
All hypothetical but stocks go through phasesMarkdown...
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Last
6.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.960M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 10000 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| IXC (ASX) Chart |
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