total daily shorts, page-135

I was looking at @Jako8557 ’s chart last night and wondered if the share price might retreat a bit today - based on very simple and possibly quite wrong deductions .....

I wasn’t going to post this, but my reputation could hardly be more ruined, and seeing as trading has become static Jako, I thought I might after all, on the basis that if the reasoning is flawed or insufficient you might say why, and if it is on point, it might be useful to someone else.....

....So this chart adds a picture of the three days after your chart....

Day one had almost equivalent volume to the three days before (I put an orange line across the top of those ) but the price went significantly higher that day. .. ... the same ‘energy expenditure’ got a higher result - implying less sellers/supply ?

Day two, the second but last, was comparatively low volume and the range was contracted! although the there was still a step up in price

But Day 3 - yesterday - marked with the blue arrows was interesting . Although it pushed into a new high it did so without much volume push to support the move .... a potential sign of weakness?


So the low volume and static price today indicates market uneasiness?

A turning point ?

Fundamentally everyone is holding their breath waiting on past hints about pending new finance arrangements to be finally announced ...... or not.

So it’s not surprising things have ground to a halt a bit.

Cheers