Posted by DigiNomad on 25th of Jul 2022 at 03:28 pm
OIH - volume is anemic, at best. It's way below daily average.
Per Steve's comments last night, I was hoping for some volume
confirmation with todays move. NOT happening. BUT....I looked back
and the last few times vol was this low (e.g. late December), it
preceded a big move higher. Doesn't have to play out that way this
time again, but that has been the recent pattern.
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OIH - volume is anemic,
Posted by DigiNomad on 25th of Jul 2022 at 03:28 pm
OIH - volume is anemic, at best. It's way below daily average. Per Steve's comments last night, I was hoping for some volume confirmation with todays move. NOT happening. BUT....I looked back and the last few times vol was this low (e.g. late December), it preceded a big move higher. Doesn't have to play out that way this time again, but that has been the recent pattern.