NUH 0.00% 8.1¢ nuheara limited

@Boro76 i just looked at some wyckoff and have highlighted the...

  1. 15,140 Posts.
    lightbulb Created with Sketch. 1000
    @Boro76 i just looked at some wyckoff and have highlighted the two bars below - yesterdays and todays.

    according to wyckoff, since it closed near the middle at yesterday's bar we can assume buying emerged at the lower levels - tick. today was a narrower range, indicating no ease in downward momentum and again indicates buyers at lower levels, finishing mid-range - tick (also note today's volume was lower - confirming lack of selling). according to wyckoff, the market is showing an unwillingness to go lower - therefore expect a rally on the next day - that would be monday. but if the rally exceeds today's high and it reverses below today's low - expect further weakness aka bearish engulfing candle.

    let's see what happens eh?

    Capture.JPG
 
watchlist Created with Sketch. Add NUH (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.