Today, it appeared that there was some overhead supply pressure, but, would it be fair to say that it appears it was more absorption than distribution. Though the MACD Oscillator shows some divergences on the smaller TF, the EOD TF don't appear to show any of that...So, despite some earlier weakness in the early half of the day, it managed to close on its open...however, it is doing so on smaller, more manageable daily volumes. Non of the over exuberance of the past, where the excessive volumes appear to be overarching towards a supply driven move, which generally moves lower as fast as it has gone up. This seems much more calculated. Am I reading too much into it. Thanks again.
LYC Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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