JB and ZJMY Holding Co (JBZY)

[Big_D_on_the_block]

A/D line is useless here.

this indicator is mainly used to identify the reversal of trends by diverging from the price movement. Without divergence the A/D line tells you nothing. For example:

In the midst of a strong bull run the price and A/D line will be going up, but then if you have slight red days with heavy volume that means sell pressure is greatly increasing and the A/D line will start going down even if it appears the stock is now trending sideways or consolidating before another leg up. However, if those small red days are consistent with below average volume that means there is very light selling pressure and the A/D line will stay up because to indicate that the bull trend is still intact.

Again, without divergence from price movement the A/D line is useless. Look at it directly under the 1 year price chart, it has been moving in unison: Big pop in May, downtrend through June to mid July, etc. etc. The fact that it is ""high"" right now does not mean anything , it certainly does not mean that "the big bois knows what theys gots" and are "heavily accumulating" while simultaneously holding the price down.It is not something as simple to interpret as RSI that >80 means overbought and <20 means oversold.