SP on TURBO mode!!!

Look at those impressive volume since last year June on this compressed daily chart! Isn't it amazing? That is almost a 100% return for a buy and hold investor! Is this counter worth playing?

On the daily chart, the scene isn't that pretty. True, the trend is clearly upwards, and the counter holds well even during the Japan crisis selldown. But look at the price action and volume!! It is not easy to trade a counter with frequent price gap, zero price range for certain days, and random volume spike unless one is on a higher time frame like the weekly chart or is a buy & hold investor. Even though the bull momentum is strong, price is approaching 0.20-0.22 critical resistance zone, which make the overall risk reward ratio low. So an easy SKIP... there are always better candidate out there! Furthermore, STI has approached the critical resistance zone highlighted yesterday, so any purchase must be cautious in a unclear market situation...

Some thoughts about volume and price. Does volume push price, or price attract volume? Seems like a chicken and egg story, haha!! Happy profit everyone!