Edit: In the text inside OBV, there is a mistake, it was meant to be written "to last ST". Sorry for the mistake!
An objective of the Wyckoff Method of technical analysis is to improve
market timing when establishing a speculative position in anticipation of a
coming move where a favourable reward/risk ratio exists to justify taking
that position. Trading Ranges...
Today this stock ran up for +6.37%, which is quite strong movement for any stock. But important moment about this run are volumes, which were extremely low, especially for such a strong movement.
Above there is strong resistance "cushion" between $8.5 and $9.3, which was broken on 01/23/2014 with highest ever volumes, so this one would be strong resistance.
I...