rwitre wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:Ebenyo wrote:kawi254 wrote:Ericsson wrote:Some major announcement is cooking in the telecommunication sector
The Venture capitalists are cashing out.
Not really.The demand is high.It started the week at 21.45 and closed at 23.40.
25 will be crossed this week
The volumes will have to be 60 million and above.
We are on course for that.More than 40 million shares traded today and yesterday.
Some big investor is mopping up shares.
Today
11.44 a.m Some bloke swallowed almost 20 million shares at 23.75
Rally picking up steam
No rally at all.Just the metrics of demand and supply at play.
Last week it traded 59,365,600 shares at between 21.45-23.40
This week it has posted a volume of 91,288,300 shares at between 23.50-23.80
This means it has taken additional volume of 30 million shares to push the price from last week high of 23.40 to this week high of 23.80.This is very weak.
Towards the goal of financial freedom