looks like this stock may be going to run, page-24

Hiya nathan,

From my average charting skills I note that today is a very high volume (compared to average) day with little result. Sure it went from .24 to .255 however with the amount of volume seen you would hope to see it a bit higher .265 or something.

This suggests that a lot of supply came into SVL and crushed the bulls.
Typically when you see a high volume, narrow spread bar like today a trend reversal or stop is on the cards. The narrower the bar the more likely it will happen. Since the previous short term trend was up, it is likely fall back to support.

There is also the possibility that the volume was absorption volume, where the big money is bullish on the SP and expects higher prices in the short term and starts to push the SP through resistance, absorbing all the supply.


Unfortunately imo, the gap below plus the higher chance of selling today leaves me out of this stock as a trader. As an investor I am waiting for the overall market to decide if it is bullish or bearish. Pitty I've got my money stuck in 'THAT' gold play, I've waited so long for it to pop. I'd rather have it here.