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Yes, indeed another stock I like fundamentally but isn't being...

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Beany72

3,285 Posts.

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03/05/17

21:54

Post #: 24453522
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Originally posted by gypaetus ↑

Hi Beany

At the time of that ugly downbar (27/4) I had labelled it as "support/absorption?" due to the hidden buying (close off the low) - I probably should have labelled it as Potential Stopping Volume/Selling Climax, the next bar was an Automatic Rally/Reaction/Supply Vaccuum, and the result appears to be that the SP has been knocked into a sideways trading range.

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Yes, indeed another stock I like fundamentally but isn't being backed up by the chart.
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