IG petrochem
accumulation in progress…
it is very evident that 665 thousand shares transaction and counting, on this rally after the shakeout, is the upswing with the biggest volumes in 2018…
and it breaks the down trend line of the schematics…
mean while the selling pressure has eased, had increased in shakeout, but thats expected and artificial…
there must be some kind of correction recently, and the selling pressure there will be the key to determine if the LPS[last point of support] formation is happening or not…
disclaimer… not invested, will take positional trade at LPS and BU