AccumulationAll sales today were at the ask. Over the last five sessions accumulation is virtually all occuring at the ask.
The relative strength indicator (RSI), showing a rising trend, has moved up to 44.58.
The Moving Average Convergence Divergence ( MACD) 9 day exponential signal line of the MACD line (the difference between the fast moving 12 day exponential and the slow 26 day exponentail lines) has risen up to the MACD line and about to cross over it confirming an uptrend is in progress.
Despite gyrations the MACD overall has been on a very gentle climb since August.
In short, buyers are having to pay up to the ask to be able to acquire shares that are also in short supply. Very few shareholders are letting their shares go.