NanoViricides Inc. (NNVC)

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SUPERFICAILLY YES: +1 CENT ON 3x AVG. VOLUME

If that's all the data had to say there would be no point in looking deeper.

But it turns out that more useful information can be gleaned using intraday volume analysis. There is a good sized body of research attesting to the volume parsing methods I've mentioned.

I've taken it a bit further so as to quantify the relative aggressiveness of buyers and sellers. We know that the number of shares bought must equal the number of shares sold in a given time interval. But the urgency of buyers and sellers need not be equal. In fact, they are rarely equal.

Today, as mentioned, in my earlier post, by my calculation, buyers were nearly 3 times as aggressive as sellers. This suggests that the short-term trend will be higher over the next 5 to 15 trading days. After that time has elapsed we will be able to judge this prediction.

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