Next move?https://stockcharts.com/h-sc/ui?s=FUT.V&p=W&yr=3&mn=0&dy=0&id=p36846140456
Uptick volume bars outpaced the downtick volume bars in the first half of 2011. The stock currently is in an uptrend, although over the past 3 year the chart showed a rollercoaster pattern. This time however, it has trading volume backing it.
Earlier it was mentioned that the OBV and A/D indicators are holding up well, ie: confirming the price rise to 6 cents. No divergence from the price to indicate any topping of the price.
Both indicators exhibited different behaviour from other rises in past years, by not following the price higher. Now it`s different. Since April 2010 when the stock price went down. both indicators held level and did not dip with the price. This was an important divergence, which predicted the rise we are seeing in 2011.
It`s recommended that chart analysis should be used together with due diligence. Well, now both appear to be on coarse for better days. The talk and what corporate data Futura has made public thus far, has been backed up with a good looking chart.
Seems like all are waiting for that trigger (news release) to get the stock moving higher. But evidence over the past 7 months shows the stock can move up on good volume without news.