CSPC Pharm (1093:HK) Seeing Signs of Accumulation
CSPC Pharma (1093HK)
Over the Weekend, we had our Richard Wyckoff 2-Days course where we learn to identify price cycle and recognise trading opportunities.
In Wyckoff terms, Price do not reverse overnight, but there are signs of demand and supply reversal.
Recognising this reversal helps investors to reduce the risk of catching a falling knife and traders to trade in harmony with the market forces.
CSPC Pharma is showing signs of accumulation as describe in the chart. You may study it in closely, it will help to train you in recognising how supply and demand reverse and what are the signs.
But do watch out for our next class and let me guide you in recognising price cycle and trade in line with market demand Supply, along side smart money.