GREY:PGDIF - Post by User
Comment by
mill44on Apr 09, 2015 8:09pm
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Post# 23614779
RE:RE:RE:RE:price rejected off resistance (prior support level)
RE:RE:RE:RE:price rejected off resistance (prior support level) I would have considered yesterday a break out. If volume doubles or triples, cool, just validates it. It was good, healty. But today the volume was double of yesterday's. I just cannot explain why. Today it looked like someone stepped in with a big bid every time the price was wavering. Will he do it tomorrow? I don't think we will have a shortage of sellers, and the volume cannot be sustained.
There was discussion about leaks before and Oiltar kind of alluded to something like that, maybe that's it. Even that is not really reassuring because of the buy the rumour sell the news thing.