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gypaetus

1,270 Posts.

11/04/17

09:39

Post #: 23990856
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Originally posted by gypaetus ↑

And yet todays action sees it close at the top of its bar (3/4s of yesterdays volume with twice the spread) almost looked too easy in terms of ease of movement. Looking within the bar at the course of sales the morning was quiet and it actually touched 050 (which is in line with the behaviour it has exhibited over the previous 4 days) then in the afternoon session we see approx 5 times the morning volume traded and its bid up to 057. Either the previous 3 days were enough to clean out supply, or maybe there is an announcement to come. Time will reveal all. What's your take on todays action @seagull?

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And today there's an announcement - thought that afternoon activity had a whiff to it.
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