Short Term Trading Week Starting: 27th March, page-332

A hammer/spring on way above average volume into new low ground (after a gap down), closing way off the lows. High Vol, narrow spread compared with many of the other bars suggesting substantial buying has taken place and stopped the downtrend. (On similar volume the spread has been a lot wider).

Would you buy, hold or short???

What about if tomorrow it broke the high of today's candle?

Also notice that after the bounce at the start of march on high volume the following fade back down was on comparatively low volume. Might suggest no professional interest towards the downside?

On an unrelated note the volume in the first 10m candle on MMJ this morning looked to contain a lot of supply. Maybe an opportunity for the pros that bought low to gap it up and sell into the exuberant retail buying on good news? Maybe not?