TSXV:FCO.H - Post by User
Post by
17Diggeron Jun 01, 2016 9:28am
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Post# 24922473
On Balance Volume
On Balance VolumeOBV is an old but useful stock technical predictor available on many web sites and stock programs.
OBV has been rising lately. The last time it was at this high a level the Formation stock price was about 15 cents higher than it is now. As the stock price continues to rise then the OBV will also move upward as long as buy voume exceeds sell volume, thus predicting even further price increases.
Enjoy the continuing rise the OBV is predicting.