WR1 General Discussion, page-31923

Today's price action and close was interesting, especially after a large down night for ALB (- 7%).
Share price action attempted to sell off but failed to do so, rallying back up at the end of the day to close neutral.

Low volume today for a down day that should have been panic filled and wide ranging.
Today's price action was the opposite. So have all the short term "catch a falling knife" traders left the building?

Any trade at 49 cents tomorrow would create an outside reversal up or an "engulfing" pattern to the upside.

Price should have headed south hard today on big volume, but failed to do so.

Often when what "should" have happened fails to materialise, then the opposite occurs. Are we at this point now?

The market is pessimistic enough so that box is ticked.

PMT's daily share chart (Big Brother) is looking better for now also.
Daily downtrend line broken and if price rallies tomorrow above 51 cents, then a higher low will be in place for PMT.

As always volume is key, and if we do rally, we need volume to support it.

Of course if we head south and the higher levels aren't met, then the downtrend continues for the moment.

But today some reasonable signs in price action and volume so maybe that is not the case.

Let's see how tomorrow plays out.

GLTASHs. Not Advice. DYOR.