Replies to post #12840 on Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

Sittin here listnin' to the BBC Radio 3, warching the board, and doin my scannin for tomorrow...

Hey cuban,
The chart pattern is testing out a double bottom with this leg being on lower volume than the volume it showed on the 16th. 8/16 it touched .0175 and rejected it, on 4.387 million volume. Today it tested .018 on 2.476 million volume.... 43.5% less volume, baby! If they can't push it down, they'll push it up.

Watch the volumes when it tests the bottom. So far, it behaves like it wants to go up at the first opportunity.

Check you 5 minute candles on 8/16.... the support was there. Buyers came out of the underbruch in spades at the .0175 & .018 level. Check your 5 minute candles for 8/15 during the last hour of trading and check the first hour on the 16th.

So, watch it closely when it tests the bottoms and the chart pattern itself will tell you which way the wind is blowing.


ImperialWhazoo