NKP 0.00% 9.9¢ nkwe platinum limited

week ended 29th october, page-74

  1. 561 Posts.
    Hi Funkymonk,
    thanks for the kind words. In all honesty I'm not a master of interpreting volume. My typical view on volume with falling stocks is:

    -initial fall on high volume: likely much panic selling, leading to a bounce the following day (in contrast to high volume rises - which *most of the time will continue upwards)
    -initially average volume increasing as stock falls: more likely to stay down

    However, as you have outlined, the fact that we finished halfway up on solid volume may indicate buying strength for tomorrow (initially at least).

    RE: flipping - agreed.

    With the still downturned stoch my pick would have to be close tomorrow at 0.54, then bounce. PURELY SPECULATION! We will know when it happens :)

    Thanks!
 
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