OXR oxiana limited

Big volume day

  1. 3,800 Posts.
    Are there any TA exponents out there who can offer a view on what can be interpreted from Fridays big volume day for OXR??

    The volume was huge and the stock closed up on the day. Not a large gain but the daily bar chart is looking pretty good and has turned around the price weakness that was evident earlier in the week. Obviously a big battle between buyers and sellers with buyers winning the day..... but is there any to draw from this with respect to price and volume implications? On an equivolume chart is this a bullish indication and what reliability does it have?

    any views welcomed.

    acturtle


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.