building foundations, page-5

Forrest and co, starting to look at the TA and posted my thoughts below:



The biggest issue seems to be the large spike and volume at the end of Jan. Quite a few would have and would still be stuck at the 1.7/1.8 level. you can see (blue arrows) that whenever the stock tries to make a move up the selling pressure from those stuck overwhelms the buyers and we see an overshoot. It might take another couple goes to get through that volume before the sellers are done but once it can sustain itself at 1.8 it should move quickly into the 2s. Perhaps a nice FA catalyst would be exactly what it needs to bring in more volume?

Ill start having a look at the FA over the next few days and might throw some questions your way if that's ok.....