Regen BioPharma Inc (RGBP)

[foxi]

It's in the second chart, in the volume rollup on the right!

Also I've included the volume profile chart in fullsize later in this post!

The right side of the chart (a histogram of teal bars) lets us look at how much volume has traded at each price point. The known support and resistance levels form the bigger rightward spikes on the chart. We enter an accumulation period if trading gets sucked into a low-volume gap between two areas where lots of volume has already traded. Barring an extreme catalyst that keeps buyers or sellers in a frenzy, the market generally spends time at each level to make the bars in the histogram more or less uniformly distributed.

The session profiles (representing trading days) have a similar chart showing volume across the day's price range in faded gray. The yellow bars confine the area where 80% of the trading volume occurred and the blue bars show the price point of highest volume for the day. The pink line is an average and generally you want to see trading stay above it for most of a session for the trend to be bullish. There are instances where you can ignore runs that jump out of the range, but in this case it's important to consider that most of the volume this week has been to the bottom side of the collective price range if you were to collapse the sessions since Monday into one big session (that's the lowercase "b" shape I keep mentioning!) It's not a guarantee price will drop further but it plus the gap plus the lack of catalyzing PR are all strong signals.

How to trade volume profile:

How to set up a volume profile chart on thinkorswim:

Today's trend was bearish but the composite profile for the last four days shows the high volume node (point of control) near the top of the range! So if bulls can rally soon it could avoid having to fill any gap around .0345 !

GLTA!