Hi Chris, NXR could go either way sitting up here. from memory I think there is a lot of volume at 8cents sitting way back 03Dec bar. but anyway it has in a ugly sort of way been doing the correct thing in regard to volume over the last 7bars.. and I do mean ugly. up on more down on less and at present the price is still within the spread of all that high volume, so it could be absorption .. in an ugly way
if the price did fail and fall lower it could quite easily be supported at any of the other high volume bars and they mostly are at 7cents.
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@strauss I haven't got a gold chart so can't comment on it
BCT. jeepers mate where's the volume
have had to convert it into a weekly cause cant see the volume.
not much to say other than big pumpy/dumpy and over the Xmas break (understandable
) it provided some low volume .. since then its risen on bullish looking action, but will likely encounter resistance at those levels sketched in. how's that
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