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Posted On: 01/19/2018 10:35:16 AM
Post# of 72443
Kelt, that's NOT a correct reading of the volume for the past 3 days. The huge buying has been in the morning, tapering off in the afternoon. Check out the volume bars on this chart:
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
I would look at this more as panic buying in the morning, either short covering or someone going long and fearful that the stock would take off without them. THEN, the price gets taken down toward the close.
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
I would look at this more as panic buying in the morning, either short covering or someone going long and fearful that the stock would take off without them. THEN, the price gets taken down toward the close.
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