Hmmm.... the very opposite of trend investing. The flip side to that technically is to buy only when the stock has exceeded its prior highs.
As to volume, I agree, a move up on large volume is significant versus any move on low volume.
However, trading a news based stock on technical makes no sense to me. In 45 days (assuming a February decision if that's still reasonable) we should know one way or another the short-term direction of the stock price.
Of course it's the opposite of trend investing. It's called smart trading , using technical indicators as your guides. And a bit contrarian too, but based on technical fact, not blowhard pumping. Not aimed at you. You were civil in your reply, but some of the paid hypsters on this message board are barely nothing more than paid liars. Again. That's not directed at you.
The bollinge rband points out that the shares are over bought , at this level, on any time frame that you want to look up. Couple that with lack of volume, and this is floating on thin air. You can argue with opinions, but technicals don't lie.