Post by
westcoast1000 on Dec 16, 2022 5:39pm
Encouraging share price resilience
Echoing previous posts, the market activity is very encouraging. The share price is up 6.5 percent, and the volume is 30 percent above the 30 day average, in a very discouraged, risk off market clobbered by interest rates.
That means we have strong market support. Given the news and price, that is what I would expect, but then I have expected strong market support to appear for a long time. It has not been very evident until now.
Comment by
itntdf on Dec 16, 2022 5:44pm
in the u.s., oncy closed at its high for the day and traded more than twice its daily average. that is typically viewed as a bullish sign. impressive performance on a triple witching day with the dow down almost one percentage point on the day.