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Re: StocktonCA post# 101887

Friday, 04/23/2021 12:04:59 PM

Friday, April 23, 2021 12:04:59 PM

Post# of 198819
My view, low volume days that are down slightly or sideways are considered "continuation" candles. since we are technically in an uptrend on the lower timeframes and on the (shorter term) daily...as we've continued to have higher lows and mostly higher highs for several days now.

So continuation candles are usually where consolidation and accumulation occur, but holding steady here is a very good sign of building support (and a springboard for) the next move up to come.

I still anticipate a potential low of about .145 and then closing higher than yesterday. Volume will increase if/when we break to the upside of today's high.

As MAGA stated, it feels like someone is collecting/accumulating shares at this price level.