This is a close up view of the AGY chart I posted a while back. The second chart is the longer term view with my usual squiggles drawn. I am really struggling to apply what I think volume is telling me as against what my usual methods appear to be saying.
Would someone care to analyse the volume for me please.
All my indicators, which are usually very reliable are still screaming overbought particularly since the breakaway gap but the sp refuses to co-operate, not that I am complaining of course as I am still holding and I have a longer term outlook but my assessment of the volume is probably flawed at this time as well.
Looking back a few months I don't think my understanding of Wyckoff is particularly flash at all.
The Easter break for instance might have thrown a spanner in the works.
One thing I am confident of though is that in an established stock the indicators always have their way in the end its just a matter of the when and how far the sp will go before they get it.
This stock is in its infancy & clearly being driven by the updates & the expected updates so my main interest here is can the volume & other analysis methodologies be trusted at this stage of development of a young & upcoming stock to provide good trading methods.