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Citrati

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Citrati

Re: trader59 post# 7663

Tuesday, 10/31/2023 12:03:33 AM

Tuesday, October 31, 2023 12:03:33 AM

Post# of 7837
So you are saying todays pressure was selling pressure, yet the price went up. Yeah, that makes sense.

https://stockcharts.com/h-sc/ui?s=EGYF&p=1&yr=0&mn=0&dy=1&id=p67088548838

You will probably need a stockcharts account to view the linked 1minute chart.

OBV shows buying pressure. Volume bars on same 1 minute chart are all green. CMF shows buying since 11:15am. Accum/Dist shows buying.
Price movement is a function of supply and demand. Price went up. Therefore demand side (buying) dominated today.
LOL, your conclusion was selling ruled the day.
Bullish
Bullish
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