Inside Weekly Bar Formation - Week A volatility is 10%, Week B Volatility drops to 5.2% and Finally Week C is 3.6%. The stock went tighter in terms of movement meaning there were very limited sellers in the stock. All bars were inside the body of the previous one
The stock is in a major uptrend and has been in a corrective phase in the past few weeks. The recent price action over the last few days indicate that selling is drying up and the stage is probably set for an upward spike. I would be interested in this stock if I see the anticipated spike up in price, accompanied by higher volumes.
Am watching the price action closely.