Being doing some reading on T/A and wondered if you could answer a question for me... or any other T/A minded posters. As the pennant forms, what is the diminishing volume's relationship to the original price spike and high volume? If there is any that is? I guess I'm trying to understand how consolidations work and what they mean in relation to the original buying in the spike.
Does my question make any sense in the first place?
Cheers and thanks in advance.
MEO Price at posting:
63.5¢ Sentiment: Hold Disclosure: Held