So that volume came in today with buyers keen to soak up as much as they could for sale under 69c. Closed just .05 under its daily high. Significant resistance at 70c from 17th Sep 2014 is hanging overhead, so momentum is the key to pushing YOW through this level. If this occurs, it would be significantly Bullish. Chart below is a weekly chart with 2 more trading days to go. Of note, the current weekly volume has already hit 2.55m shares traded. 21day Weekly EMA Volume is 3.03m, so it appears that end of week volumes will be significantly greater. This is further evidence and support of this upward thrust and is suggesting to me that a push through that important 70c barrier may happen earlier than previously thought.
Cheers
GF
So that volume came in today with buyers keen to soak up as much...
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