Hi Meerkat. I wasn't saying it was distribution, although it could be - 3 increased volume bars - who's selling? And remember - distribution is done through stealth. It's not advertised.
Anyway, I was just merely highlighting that it's not accumulation as was claimed by another poster. Accumulation takes place in a range. Price has broken out of a range.
I just don't think that enough of a cause has been built to merit this rise.
Look to last year's accumulation. Then look at the rise. Big peaks in volume. Pull backs on low volume. Text book.
Now look at this year. Not much accumulation. Where is the relative volume compared to last year? IMO this is running on fumes and is not sustainable.
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