Wyckoff trading method, page-220

  1. 16,642 Posts.
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    NWZ Update-

    Price did initially respond positively to the recent set up, as mentioned yesterday.
    But a rise in price was not supported, it was left hanging......
    And eventually NWZ closed back down equal to last Thursday's bar at 3.3cps.
    And when the volume number is checked, it was very low (again).
    So on that volume, there was no serious active selling that can be inferred on Wednesday,
    and the only logical answer then, was that it was deliberately closed low, to leave a bad gut feel for holders (and potential holders - buyers) of the stock.

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    Last edited by Jako8557: 20/01/16
 
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