How could you not expect to see significant volume to get...

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Ninja_Chook

1,346 Posts.

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13/12/17

12:13

Post #: 29595368
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Originally posted by Graphite101 ↑

Unfortunately info was relating to another block chain hopeful - which already moved well - bearing in mind my info is second hand and more like Chinese whispers based on hours of google search info on companies and who is connected to whom Which is where I try and gain an edge as I don’t have insider privledges ( chuckling to ones self ) which can be accurate at times or highly speculative lol - when I saw that big dump into 1.5c At Tuesday’s open after the massive amount of shares traded previous day from 1.2 to 1.5 c for over 100 million traded, it should have easily gone to 1.8c + on that amount of volume but it didn’t - far too much churn for such a small gap of 3 pips looked more like traders manipulating price to get out for a trade than anything concrete and as a result just more sell off trades - it nearly clearwd 1.6c after that high turnover day and then closed at 1.6c monday night and 1.5c last night - considering the share market is made up of 90% traders it’s difficult to see whether shares are going up on fundamental value or trader timing of entry- exit strategy based on charts and trading platform algorithms

Good luck to you mate

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How could you not expect to see significant volume to get through a significant resistance level and break out of the long term baseline range?

Currently in Backtesting mode and holding very nicely IMO.

ZYB Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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