Today closed with total volume of 37913 as compared
to 20492 mid-day. An increase of 17421 (46%)
in volume could only push the price to a high of 0.71 before closing at 0.705,
i.e. 1 sen higher. Is this churning?
There is a possibility Incken can rise further as the Weekly trend appears to be gaining strength. Anyway as TA deals with probabilities and not certainties, we have to wait for
tomorrow to see whether today’s resistance is only temporary.
Incken is trying very hard to advance but has been pushed back at mid-day with a volume of 10,156 which is only half of yesterdays mid-day volume. Will we see the big battle between the Bulls and the Bears as witnessed the last three weeks. The Bears are really making it hard for Incken to advance with the Bulls having to fight for every inch of ground or rather sen gained.
2 comments:
let see if it can BO of the next resistence..a stock with very little gearing and way below its NTA..
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