Its seems the stock is being bought up quite nicely in large volumes and the stock sold significantly down in small volumes
If anyone has seen the the stocks on balance volume it is extaordinarily high for a stock who's sp has dipped so much
This suggests no one really has sold it off in any great numbers but sold it down none the less
The vwap is generally significantly higher than the closing price suggesting someone wants it to go down.Doesnt really make a lot of sense considering no one is in profit now.
It also suggestive of lack of support from the market in general.The market is just allowing this stock to drift down in sp without anyone really caring too much.
Bollingers very wide suggesting hi volatility will probably continue.
Sp below all moving averages so very bearish and likely to continue down until something significant occurs to change its direction.
strange really.Virtually every other stock i have looked at in the last few months has had massive volumes sold off and On balance volume is rock bottom except for CFE which has On balance volume as high as its ever been.This suggests that the major holders probably havent sold much if any and if it ever reverses it will move very quickly.
hmmmm
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