During an insto or large entity driven push , be it for value or a trade, there is in enough volume to move the sp. I would not say it has dried up. Profit takers will shift the ledger to the sell side. TA exponents will have seen the failure to breach 1.92/3 and the over extended indicators to reduce their positions. Instos might have backed off to enable some selling and accumulate if they were long or sell themselves if they were in it for a short term. This is healthy as one can truly see whether the market sees real value by being prepared to support the sp at higher levels. What happened the last few times spt moved or spiked intraday. It closed significantly lower. NOW WE ARE STABILISING IN THE WAVE OF SELLERS. what we need to determine is where the strong support is. Every stock that has a significant move will go through these periods. Since last week some have made about 50 percent others 30 to 35 percent. HANDY RETURNS. THE KEY IS TO NOW CONSOLIDATE AND MAINTAIN THE MEDIUM TERM TREND.
SPT Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
