Large volume today on a green day.
Could indicate some decent buy-(back)-ins. Yes the trend is down, but the damage today was right at the start which could be just an indicator that most of the orders in the queue were mainly insto, rather than retail and followed a relatively small amount of selling (about 2M by lunch) with heaps of buying (over 7M afterwards), which would be a good move for an accumulator.
A similar volume tomorrow would be interesting to see if it repeats the same pattern it did today. Early dive then heavy accumulation. I might get the keyboard ready for some mid morning action, just in case.
To clarify, I interpret today as green as it closed higher than the open, even though the price went down overall.
GLTA.
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Large volume today on a green day. Could indicate some decent...
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