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Was there any reason for todays high volume?

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gypaetus

1,572 Posts.

93

14/09/17

01:02

Post #: 27202224
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Originally posted by zentrify ↑

Hi All,

One that I am starting to get some interest in is AXP.
Attached is the weekly, then the daily chart with some notes.
Where to enter though??
@Jacko8557 might also shed some light here.
What I find tricky is how long the accumulation phase can go for. Then you get a bit stuck in a trade that accumulates for weeks and months.
Possible entries:
1) Saftey first- a clear break of 0.78-0.80 buy on the retest or spring of this past resistance line.
2) A bit more aggressive: If you know a milestone or big announcement is due soon and believe that it is in a clear accumulation zone then buy a spring or the turn to an up wave in the 0.60-0.65 zone. Be preapared to be wrong and have the stop clear in your head here though.
Anyone else have any thoughts on this chart?

View attachment 727629

Daily
View attachment 727632

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Was there any reason for todays high volume?
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