hard · Volume Price Analysis
A stock has been in a distribution range between 75 and80. A 'No Supply' bar appears on the daily chart after a dip to $74.
How does the Master Technician interpret this?
- A selling climax is likely to occur on the next rally to $80
- A markdown phase is imminent as buying interest has evaporated
- The distribution thesis is suspect; sellers are absent and accumulation may be occurring instead
- The distribution is confirmed as insiders have finished selling their inventory
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