NWZ - early update
15min to the close, and today's looks like it will close out as a narrow spread bar that has dipped lower during the day, recovered late in the session, and so far volume (and therefore selling pressure) is low.....which should end up being a lovely little test (of supply).
There is a bit of a saying among some of the American VSA guys (and girls) I used to hear from online,
and that was- "a test and a shakeout, equals a breakout"
There was a mini shakeout yesterday, and a probable test today.
Still 15mins to go though (anything could still happen......haha)
More Later.....
cheers
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