BBP babcock & brown power

rsi forming upward channel

  1. 478 Posts.
    IMHO, technically, this will be marching upwards. RSI is on an upward channel confirmed by strong volume yesterday of 11.4m shares traded as compared to it's average volume of 4.9m over a 3 month period. This will be confirmed even more should the share price go up dramatically in the next few days. Have been noticing the volume for the past week...april 8 - 1,259,000, april 9 - 1,312,800, april 14- 4,635,600, april 15 - 11,434,000. this can only mean that the sellers are already reluctant to sell at 4.5 or lower considering that volume is getting dry at those prices. DYOR
 
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