The two most recent examples show similar price action with very different volumes, interestingly at similar price points to now, the distinct lack of volume or support of the move up in the first with a following full reversal down bar, similar to just previous, but on much lower volume, and the more recent with a nice increase in volume and spread showing some support for the move up but some excessive volume also showing some supply coming in and another following push up closing midbar suggests the same before a test of that recent gap up.
This most recent bar, closing on high above $23, without gapping up as it had to previously, I'm figuring does show there is some confidence here, it would be nice to see a gentle increase in volume without spiking, indicating the sellers are done around here for now.
Cheers mate
I need to reload all my sectors and chart codes, charting software had a meltdown and lost them all, this time I'll make a hard copy, good practise finding and sorting them anyway.
