Double-Bottom on low selling Volume is Buy indicator...
At least for "normal" stocks.
But since we have a pink sheet Russian mining stock with huge uncertainty in the Market, I wouldn't "bet the farm".
However, because of the high risk of Market uncertainty, this stock is being discounted as if the deal will never take place.
If the deal turns out to be real, some shareholders will be very wealthy.
At some price point the risk/reward ratio will be more attractive than the Market's uncertainty. The Double Bottom on low Selling Volume we have now reached, may be that price entry point for those who can afford the risk.
We shall see. A bounce here on strong Buying Volume would be a nice confirmation of a stable Bottom.
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