re: Charts looking good - Thanks, chartguy, for the
re: Charts looking good - Thanks, chartguy, for the updates! You mentioned that the volume is looking good. On my charts , I see relatively low volume during most of the day except for the large amount of volume in the first hour. With the price holding steady, it's still a good sign to me. It shows that people are holding on to the shares, waiting for the next news to come out. It is sort of a holding pattern. There is no pressure to sell and no pressure to buy. Just a comfortable lul until the next news comes out. The highs and lows are compressing a little which is also a nice sign. And the low points are gradually rising day to day. All good signs of strength. It will probably be quiet trading for the next day or two until some big news comes out.
Today's correction has brought the price back down to reasonable levels after two days of an upward surge. But the price still remains above its moving average, which shows an optimistic mood.
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