I did see the volume coming in during the last hour. Aggressive buy up. I hesitated to go in. Most stocks were down for today, with the exception of a few, and this is one of those few. I was chasing the price for 2 times. Keyed in order, haven't click "OK" and then it jumped to the next pip. Frustrating. Today's up bar sort of negate the 2 down bars a few days ago. Equally impressive volume. Looks like it will continue to go up tomorrow.
Below is the daily chart.
Sunvic has an very aggressive run up recently. Huge thrust bars, accompanied by high volume. And then the news only came out that it was selling part of its assets, not the whole company. That was the cause of the huge down bar 2 days ago. Anyway, just a reason for them to take profits off the table, shake off the weak hands that went in late, and now trying to push up again. I think Sunvic will recover to test the recent high @ $0.795 which happens to be a resistance level as well. Not for the weak-hearted. Definitely a hit-and-run trade if go in. Now is the time to call upon the balls of steel...
No comments:
Post a Comment