Sonata Software: Another Wyckoff Re-accumulation Candidate

20. Juni 2016

Price has been in a major trading-range aka re-accumulation (that is the hypothesis) in this case. Volume signature is supportive of accumulation. Let's wait and watch this one.

8. Mai 2018

Anmerkung

The breakout has happened and the original hypothesis of a Wyckoff Re accumulation has been confirmed by the subsequent price action. Notice the drop in volume when price gets into a correction. A classic tennis ball kind of action, as described by Mark Minervini. Am holding this stock and would add more on fresh buy signal.