Very simple dynamics happening with the stock righ
Post# of 11899
Very simple dynamics happening with the stock right now. Basically, when intraday volume is low, the stock falls and when the volume is high the stock rises. It is that simple. Accumulation does not happen in a perfectly continuous and smooth upward trajectory, buying is in fits and starts, so it leads to choppy price and volume action. I would consider 2% of the float trading on any given day (about 20M shares) to be rather low volume. Its astonishing that 2% of the float dumping shares feels free to take it down 11% in a single day just to drum up buyers for their shares, rather absurd if you ask me.
The long term chart (six month) suggests the same dynamic, high volume leads to higher prices and when there is low volume, a few sellers take it down. There are always active sellers, so when the buyers are not around, the stock falls, very basic. I would say that medium volume would be about 5% of the float trading hands in a single day (about 50M shares) and high volume would be about 10% of the float, about 100M shares intraday. Just my opinions.
GLTA
$RFMK!