XAO 0.96% 6,411.1 all ordinaries

STTCOMP COB TA LONG Double bottom forming on COB . After the...

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    STTCOMP COB TA LONG
    Double bottom forming on COB . After the first bottom we have a run of buying that pushes the sp up . There is a lot of volume in this rise . Shareholders were happy to dump their shares as it came back to their buying price . Then the sp goes back down to form a double bottom on low volume . The next surge of buying that pushes the sp up , is on low volume , as there is little volume available now at this level . Just recently . there has been a pullback on low volume . All the volume produced prior has not yet caused a significant rise in the sp .
    https://hotcopper.com.au/data/attachments/1507/1507765-b0b1b9833e65a970f9715290d62f5fd2.jpg

 
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