TSXV:AAA.P - Post by User
Comment by
maccon Feb 18, 2011 3:09pm
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Post# 18160406
RE: Trending lower as you know
RE: Trending lower as you knowIt's following a descending triangle with lower and lower volume.meaning selling pressure so far is abating.I've check many resource stocks on stockcharts and many have this same signature move.Descending triangle with proportional lower volume,then it springs up from there.It leads me to believe this is happening here.People are taking some profit off the table,others are short term swing traders selling some to later buy more when they figure the price is right (soon I believe,they know assay for #11 hole due out soon) 12 and 13 already drilled.
And it's Friday ,people like to be in cash for the weekend.
Speaking of,have a good one.