GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 15, 2018 6:16pm
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Post# 28468535
Fwiw........
Fwiw........Alxdf closed at usd .033 = cdn .0433 (boc 1.3138 close)
Alxdf down 8%. Only 21K traded -- lowest volume in a week. Gap-down open under the 50dma. Last trades at 11:04 am -- no one was selling. Today's low was a 70% retracement off the latest up cycle low and high.
Azx down 11%. Relatively low volume of 90K on tsx-v plus 13K on the cdn alternates. The majority of today's action was cross trades -- hardly any legits. Today's low was an 80% retracement off the latest up cycle low and high.
Today was a typical shake-down day. Happens in all stox (expecially the goldies) Only a very few sold into the low-ball bids, and many of these were "illegit" crosses.
Bottom-line:
So what happens tomorrow? More of the same, especially to start off. I'm thinking alxdf bidders will hold back even a bit more in hopes that a scared sheeple sells. Azx continues to be pretty well bid at cdn .04. So we may see low to no volume legit trades at least in the am in both stox. Keep in mind that most of those on the best ask (ba) are mm idiots who are working both sides of the bb/ba. Just be aware, calm and vigilant.
Both stox have a couple of immediate st upside targets: alxdf -- usd .035 (50dma) and .036 (to fill down gap); azx -- cdn .045 (50dma) and .05 (to fill down gap). By the weekend, I'm expecting both stox to close above their respective 50dma.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp