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TDA 53c low certainly seems here to stay, wave like since the...

  1. 4,582 Posts.
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    TDA 53c low certainly seems here to stay, wave like since the 13th of May and with falling volume each up/down. Theoretically still in overbought territory and until today was more overbought over the second half of last week when compared to the huge volume break - could mean either (a) larger volumes are becoming harder to get at support levels (given the tight range) OR (b) the only way to force it down is buy up big and then pressure sell with smaller parcels. Today was interesting when the 100k volume buyer popped up, took ages to be sold into. The current tight range can in my opinion only last till Thursday; then something will likely have to give!

    NL
 
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