Hi, I am new to reddit but have been a long time "guest" reader. I am an undergraduate student in Canada and I have been constantly learning about the stock market for about 2 years now. I don't invest too often but have been starting to get into it more now since I have a better understanding of things now.
So my question is, am I spotting accumulation like I believe i am? For the record I trade mostly canadian equities as the exchange takes a large chunk of profit. The ticker in question is SEK which trades on the TSX venture exchange. I have attached an image for you here: https://i.imgur.com/3Catisl.png
So what I noticed was that the RSI, Money Flow, and MACD all have upward sloping lines. Specifically, the price has been moving sideways so when I see this my interpretation is that there is strong accumulation behind the scenes; especially because the volume has been relatively strong as well.
This method has allowed me to realize 50% profits on JEN (now THRM) which can be viewed here: https://i.imgur.com/QapEvyi.png and I have observed the same type of analysis on other canadian equities that spike big "out of the blue". I do not know if what I am observing is accumulation or even real trend analysis by any means, or if I simply had good luck once or twice.
Currently, I am holding a small position in SEK based on the premise I just described.
Thanks for the help.
Submitted February 09, 2018 at 11:12AM by YoungCADInvestor http://ift.tt/2EfMu4t
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