Quick analysis of hourly chart on 10 day period and more Shareprice surfing above the EMA(30) and with recent support at 1.30$.
Transaction volume between 1.30$ and 1.40$ is around 2.9 millions shares traded. Theses volume were only created at the last 3 days out of 10 days. We have a nice volume traded for this trading zone, accumulation look mature and should see another swing to burst the 1.40$ for good.
Must say again it's getting pretty harder to gain volume at theses level because March 29 is getting closer and more traders holding to their shares.
Pullback attemps looks less effective to create volume as less available shares to get at lower level. So breakout will be te way to create more volume and have more sellers willing to sell at higher levels. RSI is at 50 and MACD is close to have a reversal but need confirmation which we should have Today.
Friday is an important trading day as it will record the closing shareprice on the candlestick on a weekly chart. As for the close we have already a good shareprice level and we are very far from EMA(30) so the force is strong in this stock :-)
Hope to see volume catch up and more fun day then Yesterday....like I said many times, accumulation is boring but much needed, more accumulation and more stronger it will get on any futures breakout.
So far we had a great week and this week volume is already nice but would like to see at least 1.5 millions shares Today....but then again pretty much hard with less available shares on the market unless we get some help from short seller but even them will be more cautious as we approach March 29!