It's finally chosen some direction after a hiatus around the 6.7.
I a previous post I suggested a possible stop loss around the 6.5/6.3. You can see the abnormal selling volumes around 6.5 in the chart above (10 minute interval today only). That volume spike BTW was for 1.7m shares which might have been related to the 1.8m bought just 30 minutes prior but my tea leaves says it's an existing SL level.
Where next? RSI is not looking likely to support upward moves ATM but the reaction around 6.3 will be telling. The long term trend at 5.6 is the next support level. As for overall move, the tea leaves says it's not promising ATM.
I hope some of you LT'ers managed to use the spikes to improve your average price.
Roll on positive graphite industry news.
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