BEN FOLLOW UP DAILY CHART ANALYSIS EOD 14/07/2015.

Where from here with BEN ? Are we going to see  a follow through to confirm this technical break-out of 14/07/2014 ?

BEN did have all the hallmarks of the WYCKOFF RE-ACCUMULATION PHASE. A typical candidate with PS ( Preliminary Support),SCLX(Selling Climax),AR(Automatic Rally),SPRING,Jumped the creek on 17/06,retest of the creek 29&30/06 and bounced of it.This is what the WYCKOFF METHOD ACCUMULATION/RE-ACCUMULATION IS ABOUT.

The price action of today also enables us to draw an UP TRENDLINE ( Dashed Pink Trend Line) which confirmed a technical breakout  as well as the new mark up phase by the CO (Composite Operator as Mr. Wyckoff would say).

Watchlist & Stalk with patience.

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell or short sell any financial instrument, nor is it financial advice.
BENWYCKOFFREACCUMULATIONTCT

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