weekend charting thread 25 & 26 november, page-16

jako thanks for your thoughts on IVA

there has been high volume as you say, but here I'll bring in some FA (oh no)

a substantial holder has been accumulating a lot of shares
i believe a million shares or so in the past 10 days

watching the intraday, as I have been,
there has been absolutely classic mopping up behaviour
the intraday charts are littered with shakeouts and 2 bar reversals

note also on the daily conforming to a rigid rectangle

though friday was the first time in over a week I saw what seemed like a bit of legit dumping coming in

and if you look at the weekly, we have last week a high volume NARROW spread down bar
--> to me confirms the action intraday - somebody taking advantage of general fear and soaking up whatever is available

anyway

WHN

what are peoples thoughts? has found support on local 50%
which happens to coincide with wave 1 up

would greatly appreciate opinions on this from those more experience than I in EW

PS has anyone heard form DGO? is he OK?