EGR 2.38% 8.2¢ ecograf limited

Brokers' Data, page-695

  1. 12,191 Posts.
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    low volume support test is considered a good sign by some TA pundits... it shows that there was not some nervous nellies trying to get out at this support level and thereby providing higher volumes... sounds like a crazy theory but low volume is a complex beast on its own... same with low volume at the point of breakout of overhead resistance - just shows that old resistance didn't matter and could be broken with low volumes...

    just an observation - we are trading above the 21 & 63 SMA levels now... I can feel a run coming anyday now....
 
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