When viewed on my TD Water House chart using the Level II display, the chart shows an uptrend with little sellers along any part of the path, so long as the price doesn't move too radical, sell off is rather low in volatility and easily recovers... considering the most recent news releases... this stock appears to be breaking out to a new high. A look at the chart, and you can see nothing but white candles...
I should mention that this chart needs to be viewed with a certain knowledge of how it compares to, say a Stock Charts chart, so that if you look to the period where the price rises two or three candles above the black 20 day average, and compare them to a stock Charts chart... you will see a comparable spike and very graphically displayed in the Stock charts chart. So in this chart we can see two spikes. This chart tends to smooth out the volatility visually,and can be a tad bullish in most interpretations, but the trending is more easily apparent.
The look of this chart often tells the story without much ado.... It just looks good... It also appears to have little attention from institutions who are trading (selling)and as such the chart appears to illustrate holding or accumulation.
The stockRSI (140) in the Stock Charts Landscape view in the public charts list Stock Charts Public Chart List shows a very strong up trend and with the lack of volatility associated with a top, it seems to want to keep on climbing.... I should also mention that that this visual lack of sellers can result in a seriously solid run. Everything depends on the pipeline...
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
StockCharts Public Chart List
Grandich
CBCnews
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