this is the continuation of the line crossings i mentioned a few posts back. the lull in between is normal when support crosses a major resistance channel, after crossing there is normally some pull down over the top of the channel line. low volume is good to see then, means it is inconsequential action non-reflective of price movement. basically games to shake shares.
eventually, and the sooner the better, volume returns giving a better indication as to where pps will go. i believe there is one more line to cross over the next week or so, need to check a chart, as our final resistance channel. please note this does not include price level resistances which we all know very well. the key is ending this week at 4+. doing so gives good indication the final resistance will break. we may see another lull but the next move, or continuation, should move much easier.
pretty much it sets the stage for news, or is a pre-cursor most times. if we saw large sells now putting us back under the channel that would be bad. this is good. shows life.
will update again when we are near the line or if volume continues as otherwise updates do not mean much.
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