Also known like unusual volume is a traditional way to pick stocks because something is happening here, somebody have a big interest here and he or they bought a big quantity of shares the same day and this generally drives the price up. Other aspect to take into account is Shares Outstanding: 11.05 Mil Float: 8.22 Mil Mean Volume: 84,972 This info is relevant for big investors because this tells they how liquid is this market and it has a great effect in the spread of the stock
Note: I do not publish or share Penny Stocks ideas This company is a small cap listed in the NASDAQ 19 years ago but is not a penny stock or Over-The-Counter stock Industry: Multimedia & Graphics Software Sector: Technology The stock of this company fell for several years and now the price is showing strength accompanied with a high volume. That is all With respect to technical analysis: Patience because this is not 15 Min Chart and this take more time Concepts investopedia.com/terms/v/volume.asp investopedia.com/articles/trading/121701.asp investopedia.com/terms/s/spread.asp investopedia.com/terms/o/otc.asp
Looking at the EWT waveform I think a pullback to the 2.6-3 level likely. Sometimes after such a long downtrend may even retest the previous low but it looks promising to me. Thanks again. When it gets back to 100 I will be sending you a gift
goodguy
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Thanks for chart and excellent comment. Will check it out.