3309 Drysdale Ct
Edwardsville, IL 62025
DIS. anyone see news here for the pressure ?
DIS... no news that I found. What I do see - and this is
something I've worked into my own strategies/plans - is when
there's a big volume day like there was on Monday, and volume
wasn't building leading up to that spike, I tend to monitor for a
few days after to see if price comes back down for a better entry.
Others here may have better explanations, but those look to
me like some institutional buyer went on a buying spree and didn't
care if their own demand drove up the price. So after the
buying spree ends and there are no other buyers up there, price
pulls back to where the buyers/sellers were previously.
Long-term, the volume can be a bullish indicator, but some
pullback is logical if price spiked with volume.
Speculating a little, too... I've noticed on many charts that
the alogs get happy when the 9 crosses up over the 50. Not
guaranteed, but happens a lot. You get a price spike followed
by a logical pullback or consolidation. Alone it's not a buy
signal for me, but when other indicators align, I love getting an
entry just as the 9 is about to cross up and over.
Great- interesting view—thanks
Earlier today had a look like it might want to come down to test
the 50/20 mas and perhaps the trendline?
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