TLW: the volume footprints are hard to ignore

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TLW: the volume footprints are hard to ignoreTullow Oil plcLSE_DLY:TLWStockso_SimpleA typical imbalance between effort and result, producing what is known as stopping volume. As the price has declined over the last couple of weeks, volume has been rising, possibly because the price is approaching the previous area of support. Whatever the reason, no one can hide the volume footprints. They might well manipulate the price, but the underlying intentions usually come out in the wash eventually. If the price does curl up from here, traders and market makers could well try to take it to the top of the gap. It will meet resistance at 16.6p first, but even that offers a nice reward from here. Price target: 16.6p Potential reward: 75%