Reply to thread

Message

Re: Recognising Volume-----opportunity or trap.

Hey Tech, i like you posts, and as you know am a begginer at t/a but here is my interpretation...

I think that the price will increase from here as it originally broke through resistance at 5c on volume.
2 days after that opened and closed the same but had a large intra-day high, indicating more sellers than buyers at the higher levels.
The final day is the decider for me, as once again big volumes, but the price was pushed up from an intraday low to close higher than open.

I would suggest that it would mean a rise in the future, or at the least, new support has been found about 5.9c.

Is this a deliberate trap tech? ie - do you already have the next set of data?

[QUOTE="prawn_86, post: 217340, member: 8739"] [b]Re: Recognising Volume-----opportunity or trap.[/b] Hey Tech, i like you posts, and as you know am a begginer at t/a but here is my interpretation... I think that the price will increase from here as it originally broke through resistance at 5c on volume. 2 days after that opened and closed the same but had a large intra-day high, indicating more sellers than buyers at the higher levels. The final day is the decider for me, as once again big volumes, but the price was pushed up from an intraday low to close higher than open. I would suggest that it would mean a rise in the future, or at the least, new support has been found about 5.9c. Is this a deliberate trap tech? ie - do you already have the next set of data? [/QUOTE]

Verification