yes, i can see good volume building up, but no spikes. and if you look at the trades the majority of the trades superficially appear to have become buy trades. the trouble is sorting the non discriptive green trades as these are sizable trades too.
the stock had a fantastic run over the past 2 months rising from a bottom of 35 to a summit of 74 from which it has been retracing over the past 5 trading days. the past 5 trading days saw either no movement in the price or drops that culminated with the biggest drop on friday of 4.8%.
this tell me that the stock is running out of propulsive powers. all the indicators are heading down from overbought positions. the 9 day sma has so far provided an assured support line, this howevfer has been breached.
so iam afraid for the short term expect the price to drop further in a technically corrective phase. nothing to worry about. wait for the stock to find some footing before embarking on. this shouldnit take very long time if most of those green trades turn out to be buy trades. not a bad stock but rather top heavy at the moment.
