Hi Disco - yes it was still quite high volume but still can indicate a withdrawal from the up move after all the buying activity below and we want to see increasing volume as it hits the $3.90 - so we need to see the next bar to confirm - they may take it right up there tommorrow but if we get lighter volume again it won't be able to break it this time round. Also we generally don't like narrow spread UPbars on any sort of volume because they show all the buy orders are being immediately satisfied. Also both the XJO and the All ords put in a weak day - narrow spread UPTHRUST - . . . Anyway we want to see some low volume narrow spread down days to let us know the selling is easing up. Good luck all.
ACR Price at posting:
$3.83 Sentiment: None Disclosure: Not Held
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