I'll have a crack Annesaze. From a technical viewpoint, the chart is showing an ascending triangle. This is very bullish. Also, as the volume indicates, a lot more people bought on thursday than those that sold on Friday. However, Fridays candle is what they call a bearish engulfing candle, which is not always a good sign.
But the "wick" on the bottom shows that people have stopped selling.
From a factual viewpoint, Fund managers are in evidence (as per the bot trading seen forcing the price down on Friday)(only they can do this) They will wait until there is a nice fat queue of impatient sellers and then strike as only they can. So be prepared for a savage reversal (upwards, on volume)
At the end of the day though, your guess is as good as mine, Although I haven't sold any, nor do I plan to in the immediate future.
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---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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5 | 107097 | 0.205 |
12 | 908605 | 0.200 |
17 | 1376770 | 0.195 |
74 | 2725736 | 0.190 |
Price($) | Vol. | No. |
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0.205 | 1119148 | 9 |
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