Company Insiders have been on a selling campaign but looks like institutions/MM's are joining the selling action here , but doing so without creating alert .
The main reason to support this:
We know crvl's local insiders have been selling a fair bit of late, but, Friday is the big indicator to date because we saw what can only be summed up as institutions selling into a failed breakout advertised with our volume/price bar anomaly . These things take time but I am going to watch this one for a potential play to the downside . This one is about 50 % institutionally held and I have a feeling we might see some more "green skyscrapers" on volume bars with slight up moves on candles as smart hands continue to trim ....
Time will tell , maybe we will see selling absorbed too but its one that stands out as interesting for me ,and possibly, a good play to the short side setting up. Now to wait for additional signs of breakdown setting up or the opposite .
The main reason to support this:
We know crvl's local insiders have been selling a fair bit of late, but, Friday is the big indicator to date because we saw what can only be summed up as institutions selling into a failed breakout advertised with our volume/price bar anomaly . These things take time but I am going to watch this one for a potential play to the downside . This one is about 50 % institutionally held and I have a feeling we might see some more "green skyscrapers" on volume bars with slight up moves on candles as smart hands continue to trim ....
Time will tell , maybe we will see selling absorbed too but its one that stands out as interesting for me ,and possibly, a good play to the short side setting up. Now to wait for additional signs of breakdown setting up or the opposite .
تعليق:
man was I ever wrong on this one :)
艾力克~