Oracle,No mate, I haven't been in NDO for a while last trade was...

Oracle,

No mate, I haven't been in NDO for a while last trade was some months back, entry was 2.8 exit 3.1...

You are spot with VSA (volume spread analysis) This is one of my indicators I look for as to whether a share price is going to break out of its range..

Volume on NDO at present does not signal a price breakout as the volume is inconsistent and too low on average.. This allows for the stock price to be manipulated in this range at present... For me that is not a signal to take an entry or a short term trade too risky..

NDO would need 50+ million volume day I suspect to break out of this range and then follow through high volume to confirm the breakout...

Also, I suspect out Thai friend is using some of his shares from his big holding to trade NDO and pick up profits.
All he has to do is not trade too much shares that go beyond .4% of his %19.7 holding as he or the company does not have to issue a change in substantial holding notice..