Bit of a hangman to finish today’s trading off. Pretty good recovery this arvo after some early selling pressured pricing down, piercing down to test the last two days trading.
Volumes decreasing, bollies topping out with a spinning top yesterday and now a hangman today. Stochastic also says over brought but MACD still looks good.
My uneducated guess is the SP finished strong today as most would rather be in when news drops rather than be out. However Without news, tomorrow could very well see a pull back.
Volume is the indicator to watch imo. Little volume are just nervous nellies. Big volume....and I smell a rat.
VEC Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
