Please see how the volume increases as Stock moves higher in BEE.
BEE is very speculative and has a good technical picture. It made a new 52 week high of $7.54 and the volume is showing signs that the move has just begun.
BEE On Balance Volume (please Google search, “On Balance Volume”) is making new high and there good sign it is under accumulation.
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Through long experience, it is generally conceded by technical students that:
1. When a volume trends to increase during price declines, it is a bearish indication.
2. When volume tends to increase during advances, it is a bullish indication.
3. When Volume tends to decrease during price declines, it is a bullish.
4. When volume tends to decrease during price advances, it is bearish.
It is important to note that the above definitions or premises are concerned with the changes in volume. They do not refer to volume at any particular level.
NUMBER OF SHARES FLOAT.
BULL OR BEAR MARKET
VOLUME AND THE FOUR TRENDS
THE LONG TERM TREND: Both growth and earnings lead to higher PE. How high is high PE?
MAJOR TRENDS: The entire group is moving down due to profit worries in the technology.
INTERMEDIATE TRENDS: The entire technology group is down due to investors’ losses.
MINOR TRENDS. All the technology will continue down until the all the weak holders have liquidated. .