Nice spotted Markymarkmark...I am mainly looking at the volume....

Nice spotted Markymarkmark...

I am mainly looking at the volume. I am a big believer in volume but only for small and mid caps and only if it goes together with the candlestick moves above. I believe volume is just one indicator out of many we have to look at.

What I see in my TA is that during the downturn (March 2019 - March 2020) obviously investors were selling in higher numbers - which is totally normal.

As always a stock that is (for whatever reason) out of favor, gets to a point where all investors that didn't believe in the story have thrown the towel. It's sometimes a long process and people can hold to dreams quite long.

I believe that point is reached.

Now comes the interesting part:

This sideways channel (May 2020 until November 2020) is not just going sideways but there are some days where there is (increasing) volume on the buy side.

Since the volume is (with one or two exceptions) still fairly low it does indicate that some speculation is going on from brave investors. It's not a killer argument for Bass Metals but there might be something building. If it is lasting? - we will see. Bass will have to deliver anyways. The increased volumes can be dumb money from people just playing lottery with an almost dead stock or it can be smart money from people that have insights. Or it can be just people like us that believe BSM is massively undervalued - if they survive.

This movement does not necessarily need to turn into a spike in the share price. It does often - but it is just an indicator that something might be building.