Big spike Volume

Also known like unusual volume is a traditional way to pick stocks because something is happening here, somebody have a big interest here and he or they bought a big quantity of shares the same day and this generally drives the price up.
Other aspect to take into account is
Shares Outstanding: 11.05 Mil
Float: 8.22 Mil
Mean Volume: 84,972
This info is relevant for big investors because this tells they how liquid is this market and it has a great effect in the spread of the stock

Note: I do not publish or share Penny Stocks ideas
This company is a small cap listed in the NASDAQ 19 years ago but is not a penny stock or Over-The-Counter stock
Industry: Multimedia & Graphics Software
Sector: Technology
The stock of this company fell for several years and now the price is showing strength accompanied with a high volume . That is all
With respect to technical analysis: Patience because this is not 15 Min Chart and this take more time
Looking at the EWT waveform I think a pullback to the 2.6-3 level likely. Sometimes after such a long downtrend may even retest the previous low but it looks promising to me. Thanks again. When it gets back to 100 I will be sending you a gift
Thanks for chart and excellent comment. Will check it out.
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