NWZ Update Price continues to go sideways for now, it is still...

NWZ Update

Price continues to go sideways for now, it is still drawing out some supply (volume), which is being absorbed for the time being.
The stopping volume bar on the 21st Dec has done as its title suggests, and has stopped (or slowed) the downwards stride, and has knocked price sideways, into a potential trading range, and possibly an accumulation zone.
Today (Wednesday) saw an increase in volume (the highest for eight trading days), as price moved towards the downside. But on that increase in volume, price remained within the range of the previous bar. As mentioned earlier, this suggests the buyers where happy to absorb the supply from the sellers.
If that supply wasn't being bought, the bar would have had to stretch lower looking for support (buying), and forming a wider spread downbar (probably making new lows) in the process.

There are probably some more interesting charts around (SEA for example)......but since we started on this one, i'll keep putting updates up for now.