TSXV:NKW.H - Post by User
Post by
BayWallon Nov 09, 2021 7:23am
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Post# 34103592
Chart analysis
Chart analysisWith no news, just grabbing at anything to figure out this stock.
Accumulation/distribution (A/D) indicator has been making an uptrend since Sept 9th. This while the stock wasrelatively flat.
Sept 9th was 212K volume day with 3 bigger buyers. Scotia, Questrade and Anonymous. No news around this date, but appears to be a key day.
Since then, there were days where the price settled in the top of the range and on higher volume. That's why the A/D indicator is moving up. (There were down days but on lower volumes).
Although useful, this indicator should not be relied upon by itself.
With the above, it's fair to assume something positive is going on behind the scenes. I can be less confident based on only one day of uptick trading on volume. But 4 days is something to keep an eye on.