Yes...beware the afternoon run!
Volumes at their highest on upward runs...reducing to almost nothing in periods of downside weakness.
Once again, as has been the case for the last 2 days, buyers appear to be putting them away, gradually resulting in less stock finding it's way to the market.
If this keeps up, withing just a few more trading days, there will be relatively little finding it's way to market, at which point a well timed announcement would have the maximum impact.
Very strong recovery earlier today and now it seems to be happy to trade within a point of two of the VWAP.
About as good as it gets so close to a major run...it also suggests the earlier euphoria has eased off somewhat, resulting in a more measured approach.
Worth while having a closer look at the recent trading patterns of stocks such as ADY.
Cheers!
Yes...beware the afternoon run!Volumes at their highest on...
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