OXB Institutional volume building at the 600p?Oxford BioMedica plcLSE_DLY:OXBStockso_SimpleThere is a growing sense of accumulation building here and it is starting to show on the chart. Since the start of April the price has been printing a very clear series of rising lows, quietly squeezing upwards towards the 650p level where it has previously topped out. Friday’s volume spike adds further weight to the case, suggesting there is meaningful buying interest supporting this move. The volume profile on the right hand side is the detail worth noting. Volume drops off noticeably above 650p, which suggests a thin line of resistance for the price to trade through rather than a heavy wall of sellers waiting to unload. If the buyers can push through 650p with conviction, 780p looks like the next credible area of resistance. Price target: 780p Potential reward: 21.3%