SteynTrade

JSE:GRT Growthpoint Distribution Complete?

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JSE:GRT   GROWTHPOINT PROP LTD
Growthpoint has been in a trading range since 2013. After a good uptrend, there was a throw over of the upward stride and a climax formed. The volatility to the downside has increased and Signs of Weakness (SoW) can be seen. Now after an Upthrust after Distribution (UTAD) and a test we have now seen a Last Point of Supply (LPSY). Looking for a high volatility breakout to the downside for the markdown to begin.
Comentário:
On the daily TF the latest pullback also has distibutional characteristics.
Comentário:
The stock continues to be distributed. with the markdown starting.

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