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Thursday, October 31, 2013 7:01:42 PM
There was a good amount of consolidation between the blue lines $5.00 - $6.25
The new move above $7 is a milestone IMO yes it has been there before but check the volume to sales on that, what went up came down! I believe that there just are not many bag holders from that run still in the trade.
In the consolidation at $7 my main concern is the buy to sales volume is heavy on the buy side and could present an issue if anything even remotely bad was to come down the pipe but on the other hand if it doesn't pull back the resulting move up will command even more buyers with the current position holders holding for the moon! Lol...
Cheers Trader \_/ and remember this is only my take on ONVO
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