Alread 7.15 on heavy volume (25% of yesterday's volume traded in first 45 min). Anyone know what is up? This board doesn't seem to get a lot of actvity, does it? If it takes out the 7.17 from last month, it could be off to the races IMO.
As I've often been instructed before, the standard answer is profit taking. Even at multiyear lows.
My question is why the slow steady upwards creep? It strikes me that some one is trying to accumulate but stay under the radar. What is cooking in the lab that would be that important?
Unfortunately this 7.15-7.17 range appears to be acting like the Great Wall of China. Could be a challenge to get through (but once it does.....)