Plastic2Oil Inc (PTOI)

[Artiztic1]

I think a more telling volume indicator in this instance would be the daily volume - which at the moment and for the current week shows the volume accelerating rather than declining as shown on your weekly chart.

I'm not saying we shouldn't look at weekly volume as well - but that everything needs to be taken into context and used as a whole.

With that said, your chart isn't exactly fair when it currently shows only one day for the weekly volume for the first week of May - when that very volume is half of the total volume for the previous week. So it's very possible that this week will have more volume than the previous - thus breaking your downtrend analysis.

As you also know, timing is certainly not an exact science, as you will always have the unknown in the mix - such as unexpected news releases.

Best wishes - Art



When the volume leaves, it is not from consolidation if the group leaves with it.