Hi All,
Thought I would post a couple of charts.
I am having trouble where to put the Wyckoff lines on the daily though.
The chart is NUH.
First up is the weekly.
NUH made a nice move up after the last spring on average volume.
The last bar (yesterday) has very high volume and broken the 2nd last peak with some supply coming in above that breakout line to push the price back down to that level again. It is similar volume to the last attempt at a breakout that ended up as an upthrust in early Jan.
I find the Wyckoff horizontal lines a little harder to place on the daily.
There has been some serious volume in the last 6 days with volume well over the average. Does it look like bullish accumulation?
The lows are being slowly pushed up but supply comes in to give the bars the look of an upthrust.
So I suppose we be patient and see what plays out.
