Fam, we need to talk Wyckoff and Garuda Metalindo (BOLT). 😼
This thing has been in a beautiful markup phase for months, but the charts are showing some signs of fatigue. Volume is still coming in hot, but I’m starting to wonder if we’re about to see a Phase D here (for my Wyckoff nerds out there—this could be where the institutions start handing the bag to retail). The candles are throwing off signals like crazy: long wicks, shrinking bodies—this stock is like me after two energy drinks and a Red Bull.
As Buffett would say, “It’s only when the tide goes out that you discover who’s been swimming naked.”
So what do you all think? Are we about to see a classic distribution here, or is this just the market catching its breath?
Love to hear your thoughts—this could be an interesting one to watch in the next few sessions.
submitted by /u/mikeswolee to r/SmallCapStocks
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