Just been sifting through some charts & thought this one was interesting.
There just might have been enough supporting volume drawn out on the 27th Oct, to knock price sideways into a trading range or re-accumulation zone...........we'll see.
It is not the sort of stock that I would buy now or anything like that......just an interesting anomaly at the minute........although some nimble traders might like to play inside a trading range (if one develops) for profit, or to build a free carried position.......but personally I much prefer to jump on the coattails of a decent uptrend and ride it for a while, and don't often get involved in the sideways stuff.
Might be worth watching as an exercise for a while, to see what develops (just as a note- a typical accumulation zone lasts for a few months before a breakout).
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cheers
