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Massive XT at 453pm accounting for 2.3M shares I think this...

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Resurgam

1,392 Posts.

7

15/12/16

00:31

Post #: 21347597
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Originally posted by Hold Fast ↑

Nice E/R Bar on UPD daily, looks like it's being supported here, highest volume since March this year, seeing lots of effort, where's the reward? I read someone referring to it as a car spinning the wheels just before it takes off.

I like that you can really see the imbalance between volume and spread on these bars, I'm interpreting this as bullish reaccumulation, holding above the low of the lower trading range which was recently tested with a small Spring but followed by an upthrust to keep it moving sideways, the last two weeks closes appear to be clustered as well?

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Massive XT at 453pm accounting for 2.3M shares I think this muddies the water a bit?
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