Not TA expert, still learning and prefer to use FA and TA together. Mainly use one to sense check the other.
In VOR’s case, from the chart, and the volumes counteracting each other, it looks (can’t be certain), that it’s been a pump and dump (or put a nicer way, buy on the rumour, sell on the news).
Since “they” (if I found them I would be having words) have bought in and sold out, it brings the SP to an equilibrium point (i.e. tomorrow).
For tomorrow:
1. “They” either have to buy back in (increasing SP) as all their shares sold today,
2. “they” sell out their reserves to get an even lower price when buying back in, or
3. “they” leave VOR and move onto another stock (leaving the market to determine the SP tomorrow and the rest of the week)
I am hoping it’s 1 (and I catch it this time
) or 3, but given the stacking of the sell volume (depth) and the reduction of the buy volume today it’s pointing at 2
JMO DYOR
