Watch what happens with this share every day....a couple of trades allowing the sp to rise above the previous close...volume builds and then woosh the insto dumps some shares to absorb the volume...leading to it to close below previous close...
It is clear insto selling has not finished and with the volume they are looking to sell and the lack of any significant volume on the buy side means the sp still has some way to fall...
Stay out until clear signs of reversal is my suggestion...and don't get suckered into thinking a reversal is happening intra-day as that is what insto selling is selling into those who fall for this...
VGH Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held
