XTL 0.72% 4,672.7 s&p/asx 20

Hot Copper Charting and Chat, page-303

  1. 278 Posts.
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    Hello all, I haven't contributed lately however I enjoy reading this column and I thank everyone who has kept it going. 
    Previously there was a comment made about major stocks following Wyckoff principles better than penny stocks so you can be more accurate with it's application so I started looking at blue chip stocks. 
    I found FMG was in what looked like an accumulation phase and bought a small position. Recently it appears to have a no supply bar , Post #: 36458887 explains it well thanks @wilfran1pm. Thought it was an interesting live example if that's what it is.


    https://hotcopper.com.au/data/attachments/1421/1421384-16f06fbab68c8de742abb3c229843f37.jpg
    I had $5.22 area as a top based on previous high volumne so it will be interesting to see how it goes.
    Any comments welcome, have a good day.
 
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