wadda ya think ? compression , while volume increases ? wich side will it pop ? After a stock is floated, its sponsors try to create a stable market and support the price as well as they can without taking back too much stock. When it is thoroughly distributed and enough people are interested in the stock to make a market which takes care of itself, under ordinary conditions, the original banker, syndicate or sponsor may discontinue operations due to the recent activity , i may thought that QEP gets advertised In the latter case, the stock is advertised by making it active on the tape. If the price be advanced, and the transactions made large, the activity attracts buyers, and those who are handling the stock are thus able to dispose of their shares. will the weakholders (public) be able to handle this ?? will it fakeout(distribution) to the top and reverse ?? or will it just pop south straight away after topping at 33 ?? as of now it acts strong .... but what intention is behind this `strenght`
update above setup is obsolete.. i drew in several scenarios .. talking about strenght .. we need to take out 30.00 and stay above that level ..
Bulls may be losing steam but so are the bears. You've got LHs and HLs. Or maybe that's a big double bottom and it's about to go back up. Or an M top and it's about to go down.
Well we could say that we are at a Support level , right? So its the Bulls who are in Charge , agree ? As of now ,We could say that demand gets Consumed atm. And we should now take into consideration the quality Of supply and even more important "demand "... If demand is of Poor Quality ie. Retailers wich will puke sooner , then it would be Wise To Short , right? Otoh , we dont know whats gonna Happen , we just can participate And manage risk accordingly ... Thats what traders do... Cheers