GREY:OLEPF - Post by User
Comment by
Capharnaumon Apr 20, 2012 9:59am
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Post# 19816033
RE: support at .70?
RE: support at .70? Volume under .80 has been very low, which indicates only retail throwing the towel are selling. For the past five trading sessions, a total of less than $130k has changed hands. You can bottom fish with a .77 bids but it's hard to get filled. Usually if you go .78 or .79 you can get some shares as a few retail will sell.
The problem with technical analysis is that it requires liquid stocks to work out. There's only a trend when there's significant trading.