That it was....a little disappointed with volume today even though .145 was broken....but what todays action tells me is that their needs more work to be done at current levels. Taking out a swing high needs to be supported by heavy volume, even though we had a 14.5 mill day, this is not enough for a sharp move...I can see a few more days of accumulation between .145 and .15 before any significant move towards my target ..To conclude, if tomorrow is a light day and the price remains above .145 i would expect that this will be the final stage before the explosive move above .20cents...
P.S. The above analysis is only text book behaviour....Volume is the key fellas..and if it stays above 10 mill tomorrow rest assure that their is mega accumulation in progress.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
