RE:RE:Nice push for LIX today@foundryman There is more trading because the bid allows some investor to take their profit or loss from this year or selling some position to get liquidity to be ready to move the price up, there is a nice accumulation right now, remember this is a stage 1 base-building.
The funny part of what's going on right now is some of the selling will become a buying power :-)
The selling pressure that we are seeing is a not negative selling because it doesn't bring the price lower and lower, it looks more like a profit taking trade. Also we can say the support right now is at 0,165$ since buyers jump in everytime it goes below that level.
I say again this is a mature phase 1 and ready for stage 2 (advancing phase), people who sold could regret it and it will be too late to buy back at this price after a breakout (confirm with high volume).
It's funny how much we talk about the selling but all the buying that was done to lift the price from 0,11$ to 0,165$ no one talks about it........... Get ready gents, stage 2 is at the door :-)
Technical data is looking even greater, can't wait for tomorrow because I liked the way this day ended. We don't have the same glasses, after all theses years of technical analysis, I see things differently :-)