Friday, November 17, 2017

LDEV - held within yesterday's range

LDEV - Ok it didn't extend, but the bulls on the counter would have been relieved to see that the Candle today was within the Candle of yesterday. The reason for them to be happy is that the volume of yesterday was 1.8M, and today's volume was much lower at 181K. That means they manged to keep the bears in control. A close above 13.50 could make the bullish trend strong, whilst the bears will be over-joyed to see it's closing below 11.50, which is the present swing low. For the trend to be very strong the volumes should be atleast above 500k for a continued number of days. In excess of 1M, will be great. Let's see how powerful the bulls are.....


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