I'll make a comment on my own post above. I always look at volume for clues, however in this case it may be that the reverse split caused this volume spike. I don't understand how a reverse split could cause vol. to go UP, but the same thing happened in TBT some time ago. It was the start of a trend change but started precisely the day of the re-valuation. So, if anyone can explain this I welcome the information....
I'll make a comment on my own post above.
ReplyDeleteI always look at volume for clues, however in this case it may be that the reverse split caused this volume spike. I don't understand how a reverse split could cause vol. to go UP, but the same thing happened in TBT some time ago. It was the start of a trend change but started precisely the day of the re-valuation.
So, if anyone can explain this I welcome the information....
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