GREY:ALXDF - Post by User
Post by
goldopportunityon Sep 29, 2017 9:42pm
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Post# 26761574
Fwiw…….
Fwiw…….Alxdf closed at usd .048 = cdn .0599 (boc 1.2480 close)
Well we started the session at the day's low and then very slowly crawled up to close right at the high of the day -- bullish. Still higher than average volume, but as expected the sp moved higher on lower volume than yesterday -- bullish.
For the week we had an inside low with sp down only marginally, but volume up substantially -- very bullish. And all this in an environment of learning that consolidation was going to be voted on at the agm in a few weeks.
Bottom'line:
It would appear that the market views the consolidation vote as a positive. And smart traders were right there these last few days plucking shares from scared and misguided sheeple. By the close we even found a few st indicators tick up. And the declining 50dma finally flat-lined today after declining almost steadily since mid june.
So what happens next week? I'm expecting volume to drift lower and sp to zig-zag higher as demand increases and legitimate supply decreases. Our immediate st target is to get a print above usd .05, and I think that's achievable next week. So we'll see what happens. Stand your ground. Jmvho.
goldopp