JSE:BAT Brait still waiting to see the change of character

2018年10月19日

Since last months Wyckoff evaluation of the trading range (see link below) we are still waiting to see a change of character signalling that the creek will be jumped. Price has tested the bottom of the trading range on low volume indicating that supply has dried up. Volume has been low since the previous high volume test of the bottom of the trading range. Divergence with the Volume RSI indicates the upward pressure in the stock. It now looks that the stock could be ready to be marked up with in the trading range to test and potentially break the top of the trading range.

2018年11月1日

註釋

The low volume test indicates there is no more supply and are held by strong hands. With no more supply available the markup can begin. Looking for a strong move to the top of the trading range.

2019年4月7日

註釋

The continued supply keeps pushing the stock lower. Last week there was some high volumes which could indicate some buying but in general, the stock looks week.

2019年5月20日

註釋

Another big volume day last week. Someone is buying.

2019年5月27日

註釋

Although there was some buying there was an imbalance with effort (seen in Volume RSI and volume spikes) and no response and when the buying stopped price has tanked. So the larger players are dumping the stock.