Wyckoff trading method, page-352

So NWZ's open and close price were the same at 2.5c, with a test of supply all the way down to 2.2c which might suggest that someone/an entity wanted to trigger stops, and or flush out the last of the weak holders. Volume traded was above its shorter term average by roughly 500,000 shares. Looking at todays bar perhaps indicated that whilst price was forced down all the way down to its low point, at some stage buyers stepped in and price was able to recover to close midpoint. If we start to see some sidewards price action, or a few days of higher lows/higher highs, the chart would start to look increasingly bullish. At this point though, there is a fair bit of work to be done by buyers to start to drive the price forward.

I look forward to seeing what Jako thinks?

Cheers
GF