CCC 0.00% 0.1¢ continental coal limited

whoosh, page-33

  1. 4,627 Posts.
    High volume upbars are one of 2 things, they are either absorption volume and occur when breaking through new levels of resistance and absorbing supply from the left side of the chart or they are simply supply coming in as in a pump and dump which CCC certainly could be. It is better to wait for price to come back and "test" for supply within the bar down the track to know for sure. AKK looks like a blow off top, high vol, gap up narrow spread. Thats imo someone selling to the masses.

    Cheers
 
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