RE: RE: Price Increase and Volume Traded ike
CAN is already up about 35% since the low it made in early April. You tell me if it's too early to bring out the rally cap. To be more precise, CAN briefly traded above its 50d MA, but wound up closing below it. We'll see if it shoots straight through it in the next day or two or if we'll have to deal with some backing and filling prior to another retest over the coming days/weeks. Anyway, it sure seems like someone is in serious accumulation mode. Whether or not they're going to be correct is another matter altogether.