I think the supply vacuum bar might have been the bar...

  1. 16,642 Posts.
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    I think the supply vacuum bar might have been the bar immediately after the shakeout, the upbar on low volume.

    Looks like a pretty serious shakeout which dipped below previous support, then a low volume response that confirmed it contained buying.
    Following that is a (bit messy looking) mini shakeout or high volume test, which finally closed higher after dipping down below the previous bar's low.
    Then a tiny upbar on no volume, and then a serious markup of price.

    After having a quick look at it, I won't be surprised to see price come back and test the seventy cent level for supply, and I also note a little gap was left behind when price accelerated away......I haven't had a look at what has happened today yet.

    cheers
    Last edited by Jako8557: 30/11/16
 
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