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[amibroker] Re: huge volume, but no movement - what gives?



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Hi Yuki,

Important to look at the chart.

Think Supply and Demand,

Indecision

support and resistance

And you may have a cup and handle forming.

Althought I would expect volume to be dropping, not rising.

You have a great deal of overhead volume, you have hit a support
level,(not perfect but in that general area) and all those people who
bought higher do not want to sell lower than they are.

Plus, all the people who missed the move now want it.

Plus all the people who bought lower want to sell with a profit
because they missed the big profit.

Result, Churning.

Be good

Richard Boroff






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