IMO,the last week's dojis are all about accumulation rather than indecision...
1)...Run the price up half a cent,draw out more sellers at that level,then sit back and wait for more at the previous level...that produces the upper shadow.
2)...Let a few shares go half a cent lower and see how many more sellers are drawn out...that produces the lower shadow.
3)...All the while buying the majority at the midpoint,hence the doji.
This is very easy to see on last week's price/volume analysis....
**Mon....87% of shares traded were at the midpoint of the doji, AKA the day's Close **Tues...76%. While not a doji,the Close was the midpoint of the day's trading **Wed....91% **Thurs...85% **Fri.......94%
IMO...the short term sp is totally dependent on the party(s) currently accumulating.
Assuming the world markets remain stable,until we get significant positive news,the sp will maintain an upward stepping pattern until this accumulation is over.
As for this week,I reckon we'll hit 19.5.
Cheers all
AVB Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
