Hi Ker0, if we zoom in close to that area, we can see that the down bars mostly have less volume than the surrounding upbars. it simply means that atm there is not much selling going on. but also there is not much buying. caught in the middle not knowing which way .. not long ago it was up there at 17cents, now it is languishing at 12cents with no real purpose or intent to go higher. it really needs to be careful or this may break the current lows of this formation and be lost to lower prices.. this 12cent level was kind of a capping for the high volume when in that earlier (ok) uptrend.. higher than the 12cent level it mostly gave up with the bullish volumes and the pending weakness was easy to spot. that is why at the time all the 'to the moon' targets being again thrown around were imo just plain silly.
MBN Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
