week beginning 11th april, page-59

  1. 1,996 Posts.
    This morning they were selling obviously - BUT at the height of the Japan Earthquake, when the world was ending and uranium was finished forever - Smart Money were soaking everything up under 8c and in a big way - huge volume.
    Since the beginning of this month they have been pretty inactive and price has rolled over on low demand. You can see where they've given it a bit of a push down now and then testing for supply - and finding it. Its not until we are now back near that high volume buy zone that price is starting to swing again. On the hourly chart we have made our first higher swing low since 1st April. Yesterday 1pm there was a low volume test on the hourly followed by confirmation with price closing higher on slightly more volume - and that has give us our first higher swing low. The previous swing low went down to 7.4 and volume kicked in taking it back 7.7c (where our test went to last time) real quick and then to 8c the next bar again on volume. So its making some nicer noises at the moment. If it can close close to the high the weekly chart is going to look promising.
    I'll post a proper (non verbal) chart tonight or over the weekend
 
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