weekend charting 15 - 17 april, page-54

  1. 19,112 Posts.
    lightbulb Created with Sketch. 3682
    dg & Funky,

    I ran my normal Sunday scan & am working my way through them.

    Can either or both of you have a look at TPI (Trans Pacific Industries).

    There is two massive volume spikes that I'm having trouble explaining to my satisfaction.

    It looks like the first one could be absorbtion volume and the second one an effort without gain, but the market looks to be going the wrong way for that to be happening.

    The chart looks weak short term & is in a down trend.

    I would be interested in your thoughts.

    cheers
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.