GREY:VIVXF - Post by User
Post by
ibem52on Feb 29, 2012 11:01pm
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Post# 19608844
Positive Price volume action
Positive Price volume action Looking at the daily chart for v.CFR i see positive Price/Volume action.
1.) Light volume on the pullback from (.12-.10) suggests sellers wating to unload at higher SP
2.)Volume by price charts indicates most new buyers picked up shares at .10 Therefore .10 should act as a major support level. if we have a close below .10 for more then a few days, sellers in control and look out.
3.) buyers have absorbed most of the selling around the .10 level suggesting they are content with letting the stock consolidate here if thats the case next PR and new buyers will take it higher.
either way this is just conjecture, that market will prove or disprove my observation