BABA reached the same price level at a very lower volume. Harmonic:
Market Cap: 425 B Shares Outstanding: 2.7B Average Trading Volume (10 days): 21M
Shares Short: 49.8M Short Interest(%): 1.82% Days to cover: 2.2 Change in Short Interest:+8%
Ownership Breakdown:
Institutions: General Public: Hedge Funds: Individual insiders: Sum:
Option profile:
Total OI: Put Call Ratio: 0.67 Put OI: 397k Call OI: 534 K Highest Put:220 Highest Call:200 Max Pain: 190 Open Int (30-Day): 3.95 M
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neah, too dependent on the CCCP subjective and idiotic declarations... :/ done with Chinese stocks (no matter how good they look fundamentally or technically)!
CoatiGenr8
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Great analysis!
Low volume pullbacks occur when the price moves towards support levels on lower than average volume.
Low volume pullbacks are often a sign of weak longs taking profit, but suggest that the long-term uptrend remains intact.
High volume pullbacks suggest that there could be a near-term reversal.
naorz
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Wrong
Niceguy_Anakin
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Interesting, I was thinking something similar, however I think the Evergrande issue in China might change this to stay low for now (or go lower).