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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.