not sure about broker data but this type of trading is good. The last two days we bounced off a low in the mid 70’s with over 10 million shares traded. The following days showed volume tightening with another 10 million shares traded but a nice share price rise followed by 7 million volume to again push higher. Tightening volume yet again today with us lucky to hit 3.5 milIlion shares traded today.
I expected a weak day due to the fact it’s the weekend and again traders would exit positions but today’s trading has been very positive. No sellers. Buyers waiting patiently but don’t wait too long. You will miss the boat in my opinion. It’s setting up for a run and with our peers pumping the sector isn’t weakening. All guns blazing. One slight bit of positive news will set us off. All in my opinion.
Im not trading the stock as she’s a medium to longer term hold for me but I still follow short term patterns.
SPT Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
