The rectangle is one I drew manually. I drew it where the VAP chart showed an equal amount of buying/selling volume since the initial change of sentiment started in January (same length of green and red volume). Since there's roughly an equal amount of buying/selling volume at that level (historically), it means both the bulls and bears believed that was a fair price to pay (equilibrium). All stocks run away from 'fair price', and when they do, they will at some point lose momentum. When that happens, they can reverse to test the previous fair value. Not saying it will happen. I'm saying if it doesn't breakout above .055 then it may drift down to roughly that level.
EN1 Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
