Tuesday, January 28, 2014

Rio Alto chart - when to look at volume

Here's Rio Alto:

Though the other juniors are looking weak, Rio's still above its short-term EMA.

If you subscribe to IKN's thingie, this weekend you read about the probable reason for all that volume smashing Rio's price through $1.70 this month. I won't say what it was that he said, though I'll say it makes me a more relaxed holder of Rio, and I'd also note that there was more volume driving it up than the volume that's now driving it back down.

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