What a difference a bit of volume makes….out of the blue on...

What a difference a bit of volume makes….out of the blue on Friday there was some decent buying & a nice push up in price. Perhaps some disappointed punters when FOD didn’t end up closing at days high, but still a positive for all holders with a finish in the green.

If HC is anything to go by, there is considerable interest in this stock even though only 2 or 3 posts per day on average, since my last post here just over a week ago, there has been over 1000 views a day on average by people obviously with an interest.

Its my thought Fridays action was a test for supply as it had pretty much dried up at .135 & .140 & acts reminder how quickly this stock can move. That being said, the volume we saw on Friday although above recent amounts is nothing compared to what has been seen in the past when 15 – 20 million shares traded on big days & closer to 50 million when news was released back in September.

I believe its likely FOD will touch back on the ‘trend line’ shown on the chart so anyone that feels left out or wishes to top up will have an opportunity at .145 & maybe even .14 at some point in the next few days. Following that, my expectation is more punters jumping on & pushing it back higher on confidence volume is there to trade, trendline holding & FOMO with expectation my short term target of .175 will be hit in the near future. Any company update or news will likely see this target hit with little effort. All IMO only. Please DYOR & trade well.