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Weekly Charting - 16th March 2018, page-47

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mirren

12,277 Posts.

387

21/03/18

23:22

Post #: 31933813
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Originally posted by Jako8557 ↑

OK

Sometimes when a stock has traded with no real interest for a long period, and then comes up with an unexpected reason to attract buying, there is a scramble for stock. During this period it allows stale trapped holders to sell out from previous higher levels, which can provide important liquidity to the market.
There is a point however, where the strong buying will push price too far against the buyers, and short term, day & momentum traders in particular can get caught at the highs, and have to sell - often back into the hands of the longer term traders, who had stepped back from the now much higher prices.

cheers

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Thanks Jako - As always your explanations provide me with the light bulb moment I was needing -
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