It's funny, I'm still a relative newcomer to TA (and markets in general), but it's quite interesting how some stocks (like AJX) really do exhibit the textbook "TA" trading behavior.
I wonder who is selling...I think it's been going on way to long to be the "manipulation" people often talk about. There is just a genuine lack of interest right now, which is baffling given the progress the company has made over the past 12 months.
Looks like we are going to see a sub $100mill MC for the first time in a long long time this week.
As I said, keep an eye out for that absorption volume and "shortening of the thrust" that everyone's favorite villain over on the DT threads always talks about.
The TA looks unconfortable now, but the great thing about AJX playing to the text book, is she should give us clues when a bottom is near.
Cheers,
T
It's funny, I'm still a relative newcomer to TA (and markets in...
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