Just wondering if somebody versed in charting could do a chart on FRI (finbar) and your comments re: current entry point and where it's heading.
In particular - comments on the large 1 mill+ volume indicated for 1 November. I don't know if my chart is broken but ona 6 month etc period it shows up, but on shorter timeframe charts the volume doesnt' show as 1 mill+ for the 1/11. Perhaps could be its spread out over the shorter timeframe... but still don't see any large volume movements for that day.
And largely - how do you interpret this 1mill + volume? There is no way to tell if the volume was largely sellers driven, or buyer driven? Or would you have to analyse the close, low/high prices,a nd general technicals to try and work out which way the volume was flowing? I assume with on-balance volume appearing up, that buyers outnumbered selling pressure? But then from memory the indicator is positive/gets an increase from a higher closing price than yesterdays close, so given the large volume there could have been heavy selling and a final buy that pushed the closing price into the green (and therefore the on balance volume indicator showing positive)?
Thoughts please? :)
FRI Price at posting:
$1.58 Sentiment: None Disclosure: Not Held
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