New 52 week highs in our FUTURE?
posted on
Aug 31, 2016 07:07AM
New 52 week highs in our FUTURE? Yes, No, Maybe?... we shall see.
Whatever the case, I am more than excited about breaking out to the UPSIDE and a new 52 week high. As usual, I have been watching the volume, it has been a SLOW AND STEADY RISE to the UPSIDE not a HIGH VOLUME SPIKE for a couple of days, then a DROP BACK...
This action has been a SLOW & STEADY RISE with buying days, being stacked upon buying days. I like it.
So, I would ASSUME there was not a lot of daytrading happening... it just doesn't look like it to me. It looks like a solid foundation of buys have been made over the last month or so... giving us higher support levels. Also, the MM's have kept a good size spread between the bid and the ask... that keeps the daytraders away for sure....lol
So, with that being said, maybe just maybe, our little EDIG Stock is building up to a new level of support with new investors and not traders. I surely hope so. Go EDIG!
Just an observation from the bag man...lol
GLTA ~ LGJ