And what a day it was too.
Over 4M bought on the way up between 0.038 and 0.040 to cap of the close at 0.041 giving us a single day gain of 28%.
Rising volume for 3 days and heavy volume today of 27.9M shares traded and no news.
That smacks of either news coming or a speeding ticket.
What do "they" know.
Relative Analysis
First Listed: 24-12-1999
Record High: 0.486
Record Low: 0.002
Record Volume: 102,386,569
6-month High: 0.050
5-day EMA: 0.033
10-day EMA: 0.033
15-day EMA: 0.033
30-day EMA: 0.032
Avg Volume: 3,169,717
Snapshot 10-01-2008 20:51
Last Traded: 10-01-2008
Last Price: 0.041
Tick rise: 9
No. of Trades: 188
Volume: 27,935,937
Opening Price: 0.034
High Price: 0.041
Low Price: 0.034
Buyers: 0.041 (12,810,336)
Sellers: 0.042 (13,416,316)
Buyers and sellers are just about line ball but tomorrow being Friday that could change in a flash as the traders move in for their profits unless of course there is some news coming that might just keep her going.
Technically the recent high of 0.05 cents could easily be tested again but if it breaks and holds 0.047 then we have a chance of a sustained rally this being the first day.
All data reproduced with permission from TurboTrader the only live tool I use for trading, besides E*Trade of course.
cheers
kse3137
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