CAVERTON – Daily – 05/02/2019 –
Volume 16.044m units
Volume Analysis Commentary:
Caverton today’s Intraday analysis shows huge volume spark within a resistant level of N3.26.
Mechanics behind Buying Climax
A situation where the price of a stock commodity, or another financial instrument, quickly rises but then falls. The initial rapid rise in prices is characterized by high volumes of buyers along with a price increase and can result in a quick plummet in stock price due to the fact that there are no more investors willing to buy the stock at the higher prices.
Initial potential support at N2.27 range support levels