Interesting trading pattern.Went away for awhile, came back, checked
the trading 3.92, then a bunch of small trades down to 3.85 whereupon
someone took 30,000@ 3.85. Then a bunch of small trades. Then
nothing. Weirder and weirder. There we are 1,000 @ 3.89.
Looks like it is in an uptrending channel. It's not like it has
built abase for the day,then buyers have gradually worked their
way through the various price levels. Instead, there seems to be
a run up as buyers buy everything up to around 3.95, some big buys, then the price falls back a bit, then there
is a run up, some big buys, then falls back a bit. I've seen this
before when a stock was getting ready to make a run. Traded it a couple
of times, made a few bucks each time,then traded it again when it hit
the top of the channel and it ran away on me. Missed the real
run up.Another 2500@ 3.89. If it holds to the pattern, thenext few trades should move it to 3.92-95, then it shouldfall backto around
3.85 and someone will pick up a big chunk of shares.It's like watching
runners in the starting blocks who keep making false starts because
they're over eager.
Watch JP's resistance line. If that is breached,then a run may be
about to start.If not the spring will have been wound tighter for
tomorrow. |
