Wyckoff trading method, page-1538

Hmmm, there maybe some recent trading that is of interest, in particular since mid January this year (three bars arrowed), so this looks like just the beginnings of something that may become even more interesting as things unfold.
All that prior stuff is probably unrelated, and/or relates to selling pressure, and possibly some price action engineered to help holders 'get out'.
This stock is highly unlikely to suddenly reverse and begin a strong uptrend. The most likely scenario is for an extended sideways trading range to develop, where a decent accumulation can take place (especially if you are looking for something more substantial than a minor price increase). Now that is not to say that a complete (and unexpected) reversal could not occur (perhaps some massive announcement will cause some chaos), it is just that most stocks with some promise will form a strong base first, and that usually means a sideways range for a while, and then a breakout.





cheers