A quick note on this one as it caught my eye on the screener.
The gaps up and down throughout the chart tell you this is a volatile stock that can move sharply on news. Friday however was less about the gap and more about what happened afterwards. The stock opened lower, attempted to push to a new high and was firmly rejected, all on one of the highest volume days on this chart in months.
When a price attempts a new high, fails, and closes well off the top on huge volume, the message is clear. Sellers were queued up and waiting to unload into any rise.
Price looks weak to me from here.
The gaps up and down throughout the chart tell you this is a volatile stock that can move sharply on news. Friday however was less about the gap and more about what happened afterwards. The stock opened lower, attempted to push to a new high and was firmly rejected, all on one of the highest volume days on this chart in months.
When a price attempts a new high, fails, and closes well off the top on huge volume, the message is clear. Sellers were queued up and waiting to unload into any rise.
Price looks weak to me from here.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.