Or so it seems. Yesterday, CENX knifed through several resistance levels with very heavy ask blocks. Today's trading volume also appears lighter than normal given we have just one hour left to trading. Volume at this point hasn't even reached half of the average volume over the past 10 days and yet prices keep edging higher, albeit very slowly.
3-month average volume is also considerably higher than 10-day average volume on CENX, which makes me think that the downwards price spiral we had encountered over the past few months could soon be a thing of the past.
If we can close above the 50% daily Fib again today, I'm going to move my target sell up a bit higher - perhaps to target the 10-day charts.
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