RE: MEGA AND LARAMIDEPanic short cover last minutes of session IMO. Who else buys a tail spin before long weekend.
Thursday doji could be a sign of a reversal and a gap up. Close well into Wed. mid price range might signal an ideal bullish doji. More cover and recognition by bottomfeeders just how beaten up this sector has become would help with reversal next session.
Laramide finished with a bullish inverted hammer suggesting a reversal to be confirmed Monday.
Testing 1.61 doesn,t seem right with gold and oil money looking for value.
Quite a decision about when to double down.
Hope this trades as predictable heading north.