Venture just soared. After bad earnings, the stock just shot through the roof and went crazy. 13% gain in one intraday was just crazy and wild as you seldom see a $10-$20 stock soar even at 5%. I am not sure what caused it to run so much but could it be dividend? I don't think so because the banks also give dividend. So what caused the stock to fly? I can only explained it in terms of supply/demand from the chart.
The daily chart is near bottom with super nice ws and the 5 minute chart has some beautiful flush before the run. Although I can't predict the news but if we see everything from the perspective of supply/demand, we can have a clue of what and how the stock would perform.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
