Roy, if that was a daily chart, would you expect it to continue up the next day?
I would. Given the extreme momentum and volume in comparison to the rest of the chart.
Of course it will correct at some point but that doesn't look even close at the moment. Next week is shaping up to be a ripper IMO.
And then you must consider what kind of damage has been done to the monthly chart... and the pattern repeats on a larger scale over a longer period.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 212658 | 0.078 |
1 | 200000 | 0.077 |
3 | 91500 | 0.076 |
4 | 206988 | 0.075 |
Price($) | Vol. | No. |
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0.082 | 97561 | 1 |
0.083 | 214000 | 1 |
0.084 | 67142 | 2 |
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