AVX 0.00% 2.5¢ avexa limited

breakouttttt, page-19

  1. 14,914 Posts.
    "Since 6th May volume is dropping cosistantly and price is moving up consistantly: Very good sign."

    This is not a good sign. Volume dropping off while price is moving up means the stock is "gapping up" in intraday trading so to speak. It also means the big boys are not paricipating in the buying and therefore the stock will fall on its own weight shortly after this kind of volume activity starts.

    Besides that, I cant see on the volume where price has moved up on declining volume. It has traded in a range with decreasing volume which is actually a bullish signal, so you've got it back to front.
 
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