Well the old days were full of daytraders bidding the price above each other then dumping into the PM... With non-daytraders left high and dry and with no chair to sit on when the music stopped. Nice to have big volume but only if the price is rising consistently day on day...
Will be interesting to see if we get sold down before close or we get bid up ... As I said would prefer to see lower volume and a slow ascent in the price...
Looking for a close above the upper 50% level of today's range...4.1c would be ideal actually ...not too high to attract the hordes of short termers and not to low to make holders nervous ...
Now if I had to write the script I would then look to Monday to again close higher than the 50% of that days range and above today's close. Significant because more people willing to hold overnight...A change in the nature of the crowd gathered around this stock. When the crowd changes, so will the behavior... For example, an uptrend over several days/weeks signals accumulation by mid/long term investors generally.
Days traders need fuel to survive, fuel is volume and volatility/price movement ...cut off either and they become disinterested and move on.
All is IMHO DYOR to Confirm
NMR Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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