Posted On: 05/06/2014 2:29:47 AM
Post# of 2561
SSBN Daily Chart ~ Increased Volume During Consolidation
Added 8.5k today with two friends. Volume picked up a lot today with approx two times the daily volume of the last three days. The FullSot and fastest MACD are going positive. The 8d and 12d MACDs are beginning to level out. The short term declining tops line is behind us, but the share price needs to get above the 1.10 and 1.30 recent tops. Once that occurs, the 1.65 high should fall quickly. Prior to the last four trading days, SSBN would barely trade since the sharp pop from .60 to 1.65 on just 123k shares in late March. My guess is someone stepped up the accumulating the last four days in anticipation of a chart breakout along with news. I'm planning on picking up a few more in anticipation of the closing of the recently announced LOI for an acquisition.
Added 8.5k today with two friends. Volume picked up a lot today with approx two times the daily volume of the last three days. The FullSot and fastest MACD are going positive. The 8d and 12d MACDs are beginning to level out. The short term declining tops line is behind us, but the share price needs to get above the 1.10 and 1.30 recent tops. Once that occurs, the 1.65 high should fall quickly. Prior to the last four trading days, SSBN would barely trade since the sharp pop from .60 to 1.65 on just 123k shares in late March. My guess is someone stepped up the accumulating the last four days in anticipation of a chart breakout along with news. I'm planning on picking up a few more in anticipation of the closing of the recently announced LOI for an acquisition.
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