That's because the sell is all fake sellers. Accumulators are trying to pick as much as they can off weaker hands. Very little volume this morning. All we need is a couple of line wipes and this will start some momentum. Only the gullible and weak have been gifting their shares in the last couple of days. Don't be fooled by the smart money, be it the instos or professional traders. They will have to concede in frustration and start purchasing soon. I just feel for the lot who have been gifting these guys a share with good prospects. The sell off is oversold. We are not heading to test the 6.7 resistance blah blah blah like we didn't hit a break out of 12-13 cents that many of the charters were indicating will happen. Remember a chart is a useful tool but reality is what controls the chart. The high and low expectations is what traders use to get people to buy in or cause fear to sell. BLK is turning around and any chart suggesting otherwise is just a line for the manipulators. FA is the key now.
BLK Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
