Analysis help ... BEN

DionM said:

I'm curious about BEN's behaviour over the last few days and wouldn't mind some analysis help.

It has had 2 days of high gains and massive volume.

Today has been much lighter volume (near 'normal' levels) and had an early dip in the price ... but has now come back to be around what it finished on yesterday (at the time I write this post).

What does this signal?

I'm not much one for day to day type analysis (still learning), but I'm curious as to what this could mean? It seems too light on volume to be considered "consolidation" of the new high price before moving higher, but I can't figure out then if it means the price will stay here or drop again?

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trembling Hand said:

Why not forget about what it signals and try and figure out what you would do if it
1. goes higher
2. goes lower or
3. does nothing.

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Julia said:

Is there some fundamental basis for this rise? I haven't followed BEN for a while but when I had it it was always a sparsely traded stock so any movement really stands out.

There is a fair bit of take over/merger rumour amongst all these second tier banks at present so I'd be looking at what is going on fundamentally before making a decision as to what to do.

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