Replies to post #1987 on Ultra Petroleum Corp fka UPLCQ

[ven69]

http://stockcharts.com/c-sc/sc?s=UPL&p=D&b=5&g=0&i=t67351546485&r=1460502728176

This chart is using volume by price. I made the horizontal line at .79 at the top of the obvious largest bar(in this case area)

Price breaks above or below long Volume-by-Price bars can also be used as signals. A break above a long bar shows strength because demand was strong enough to overcome a supply overhang. Similarly, a break below a long bar shows weakness because supply was ample enough to overwhelm demand.

[ven69]

Approximate fib retrace from 1.52 - .30(on my phone so not exact
23.6%-0.60
38.2%-.75
50% -.91
61.8% -1.05