simply put, it visited 9.5c three times during the day on the 2min chart, each time the volume decreased. on the daily it was showing early sigms of a double bottom. so i bought with a stop below 9.5c as the buy queue was loaded and selling volume was done.
went below 9.5c the following day but held and judged it as a mini shakeout, which it turned out to be. i guess folk saw another red day and wanted out, but didn't read the chart? would have sold asap had further weakness ensured.
