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jcite89
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Hi guys, im new to wyckoff approach and im in the learning process. i had purchase db book and smi course to understand the theory behind it. Below is a chart of a penny stock. From july 2 to jan 13, the stock is restless, no volume no price movement. From jan 13 onwards, there have been heavy volume in up and low volume in down. Just a general concept, is it a sign of accumulation taking place? I understand it is easy for penny stocks to be controlled by others but the concept of wyckoff still apply.