APC 0.00% 0.1¢ australian potash limited

Cup and Handle Formation, page-5

  1. 5,466 Posts.
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    I take a different view - I see this as a typical Wyckoffian uptrend after Jump the Creek in April 15 and retest in May 15.
    June 15 was a strong month opening at 2.1c and closing at 4.3. I would not be surprised to see similar this June.

    Each of the last four months have closed higher than the previous and the accumulation period after a 50% retracement in Sept 15 was four months on decreasing volume.

    Classic Wyckoff IMO, and stocks which trade like that are usually in the hands of savvy investors and traders.  That is why I follow those patterns and why I am here.

    Screen Shot 06-03-16 at 08.52 AM.PNG
 
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