mitta. i know your software and vsa bible calls that red downbar( just under your (1) where volume was high ) a sign of weakness.
but if you combine the next red downbar with the one i described in the first paragraph, you have a huge downbar with a huge volume, and huge spread.
all i have read tells me this is a sign that selling could have been overdone. so this to me is a sign of strength. especially if a series of low volume, upbars follow, showing the accumulation coming in. and those did appear.
yesterdays downbar is low volume and low spread and does not change my interpretation - but we do need more confirmation today n tomorrow.
wee with a few rees , page-33
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$6.11 |
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Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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