AI
Wednesday, May 18, 2011 7:57:47 PM
What The Charts Are Telling Us
The past 8 trading days have presented us with what is potentially shaping up to be one of the most significant confirmations of a pending upward trend in the making that this company's share price has ever seen.
I have chosen a 6-month chart for this example as it allows us to view the price-action more clearly.
IMPORTANT NOTE: What you can't see from this chart but is equally significant nevertheless, is the aspect of VOLUME. Although we haven't yet seen the "2,000,000 shares per day" action that the November / December 2009 bull run gave us, what we HAVE seen is GREATER CONSISTENCY WITH THE "HIGH VOLUME DAYS" than what we saw back then.
In short (no pun intended), the indications from the volume data this time round are EXTREMELY ENCOURAGING!
Carpe Diem
The past 8 trading days have presented us with what is potentially shaping up to be one of the most significant confirmations of a pending upward trend in the making that this company's share price has ever seen.
I have chosen a 6-month chart for this example as it allows us to view the price-action more clearly.
IMPORTANT NOTE: What you can't see from this chart but is equally significant nevertheless, is the aspect of VOLUME. Although we haven't yet seen the "2,000,000 shares per day" action that the November / December 2009 bull run gave us, what we HAVE seen is GREATER CONSISTENCY WITH THE "HIGH VOLUME DAYS" than what we saw back then.
In short (no pun intended), the indications from the volume data this time round are EXTREMELY ENCOURAGING!
Carpe Diem
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