I believe the charts are showing a little compress
Post# of 75001
Posted On: 04/15/2015 4:26:41 PM
I believe the charts are showing a little compression centered around .187, which will probably lead to the price oscillating tighter and tighter around that point until the pressure is released and the stock jumps up or down.
There definitely appears to be some selling resistance at .183 and upward resistance at around .194.
Volume accumulation has been dropping significantly the last few days, but the price has held steady. In my mind that tells me that a lot of people are getting out and moving on, but those of us who are staying are keeping the stock afloat. So once people start returning to the stock (once it wakes up and becomes popular again) there should be a good push upward.
Toward the end of today, the volume accumulation leveled off and began to climb a little. In my mind, that shows an increased interest in the stock.
If the pattern continues, there may be a release of the pressure around midday tomorrow. Hopefully in an upward direction, given the increasing interest in the stock.
There definitely appears to be some selling resistance at .183 and upward resistance at around .194.
Volume accumulation has been dropping significantly the last few days, but the price has held steady. In my mind that tells me that a lot of people are getting out and moving on, but those of us who are staying are keeping the stock afloat. So once people start returning to the stock (once it wakes up and becomes popular again) there should be a good push upward.
Toward the end of today, the volume accumulation leveled off and began to climb a little. In my mind, that shows an increased interest in the stock.
If the pattern continues, there may be a release of the pressure around midday tomorrow. Hopefully in an upward direction, given the increasing interest in the stock.
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