1. Re-accumulation stage
-consistent narrow spread bar with decreasing volume
- T(test) and SP (spring ) signals appeared to test support
2. Mark-up
- high volume wide spread bar of LC push the price above 20/40 MA
- tested previous resistance
- Green Pentagon appeared
3. Potential shake out
- low volume down bar with Red Pentagon signal
- monitor for support at 40MA
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Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.