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.
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