Hello! New to Wyckoff and having a very fun time diving in. My question today has to do with extreme low float stocks and if the methodology can actually be applied since the supply is so low! I’ve been studying $GVP (<5 million float, 2.3 I think actually), and the impulses and consolidation periods seem to have no correlation to effort and the the movements are so severe that it is really fuzzy to see what’s happening; combine that with the low float and it’s near impossible to discern anything under a 10 min timeframe with candlesticks. Any pointers on would be much appreciated!
Edit: I would love to be able to trade this ticker successfully while applying Wyckoff methodology because I am genuinely interested in this companies business and see it viable for day and swing trades since it is adjacent to a very hot sector (Uranium Energy)
I have successfully traded this stock previously but just out of sheer luck and missed out on an incredible amount of upside
submitted by /u/RealEyesRealize3 to r/Wyckoff
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