JSE:MTN Markup Continues 롱

MTN GROUP LTDJSE

설명

⋅ 2019년 7월 30일 오후 7시 8분

Following this accumulation range since November 2018 and the markup continues to play out with a series of stepping stone reaccumulation ranges.

코멘트

Angus_Graham

⋅ 2019년 7월 30일 오후 7시 15분

Many thanks, What do you mean by backup and markdown and markup?

SteynTrade

⋅ 2019년 7월 30일 오후 8시 23분

@Angus_Graham, Hi, I follow a Wyckoff approach to evaluating the market. Wyckoff looked at the trading ranges (TR). These ranges leave clues to what the large operators are busy doing. Once the large operators have accumulated or distributed their stock they will markup or down the price when it breaks out of the TR.

SteynTrade

⋅ 2019년 7월 30일 오후 8시 24분

@Angus_Graham, After breaking the TR there is typically a backup (BU) to the breakout level of the TR. So the labelling is related to standard Wyckoff terminology. Some standard abbreviations used in the labelling are: Selling climax (SC), Buying climax (BC), Automatic rally/reaction (AR), Secondary test (ST), Upthrust (UT), Spring, Last point of support (LPS), Last point of supply (LPSY), Signes of Strength (SOS), Signs of Weakness (SOW) and others.

Angus_Graham

⋅ 2019년 7월 30일 오후 9시 7분

@SteynTrade, Many thanks, much appreciated. I will do some homework.

SteynTrade

⋅ 2019년 7월 31일 오전 5시 41분

@Angus_Graham, If you want to find out more about Wyckoff I would propose you read the bolgs of Bruce Fraser at stockcharts.com (stockcharts.com/articles/wyckoff/ ) and watch the videos at Wyckoff Trading Method (youtube.com/channel/UCzdnvMNNeBSRRh1KWuJ_BUQ )

Angus_Graham

⋅ 2019년 7월 31일 오전 5시 57분

@SteynTrade, very many thanks. Grateful to you for your kind guidance. Thank you so much.

SteynTrade

⋅ 2019년 7월 31일 오전 10시 6분

@Angus_Graham, My pleasure.