NCC set for a rebound?
NCCIs the sell off here warranted? I am not so sure as there are 2 diverging activities here.
Initially from the 13th of September, the fall was looking justified with increasing volume on any new lower candles.
Yet this last candle has produced one of the highest volume days yet, trading within a smaller range than previously.
So I am now seeing increasing volume, on shorter bodied selling candles, telling me buyers are absorbing all the sell orders the market can throw at it.
Looks like a change in sentiment and this will go on my buy list for Monday.
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