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
