As per the normal drill, or should I say, everyone bar a LT holder, today will have to be treated with extreme caution imo, for that high volume may very well be a lot of their supply. Wont know until we see what or how the following bars behave.
Will tomorrow bring -
1. With big resistance just above, a huge amount of volume/spread to take it on
2. a whimper of an upday, reduced volume/spread = 'no demand'
3. a complete reversal south
4. a Trading Halt
5. my lotto numbers come up
6. a downbar on reduced volume/spread = 'testing'
All these high volume bars need to see 'testing', have some of them passed the test, or will it fail and revisit the classroom
day chart
cheers phil, a bit flukey hey ;)
LYC Price at posting:
71.0¢ Sentiment: None Disclosure: Held
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