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CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT



TSX:FUT - Post by User

Post by BayWallon Mar 11, 2012 5:49pm
126 Views
Post# 19655684

Equivolume Chart

Equivolume Chart

https://i122.photobucket.com/albums/o270/Baywall/001.jpg

I hope this chart came out ok from my Photobucket album.

This is a daily chart. All of the volume spikes ( the 3 solid or near-solid blue bars) closed in the upper range. Could be interpreted as an accumulation sequence and not a P & D. The dip down from June to now (6 cents to 2 cents) was all on small volumes (narrow bars, which could be interpreted as bullish). The two large blue bars represent trading on Feb 8th and May 26th 2011, when the volume spikes occurred.

Add in the strong weekly OBV indicator which has not turned down in over a year, and it looks like a stock which merits some close watching. Nothing is guaranteed as circumstances can change. Best also to factor in Futura's line of business and progress. Then ask, is the stock worth buying.

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