Sirit: Technically YoursGMP's buying today was indeed a welcome breadth of fresh air considering the trading range that we've been stuck in over the past few months. Last time we had a day high of 19 cents was back on 3 July. Indeed GMP helped create 3 separate intraday highs at 19 cents. From a straight technical viewpoint all 16 indicators that I have access to are reflecting "bullish". However the buy- sell volume indicators are not reflecting the same bullish attitude.
Let's hope that the Tuesday news release factor will add to the current bullish trend however we are technically a liitle over bought at this level. Without Tuesday news or GMP buying we might expect the price to fall back slightly while awaiting the seasonal, early January, uptick.
We would probably all have a clearer indicator if indeed someone could post several layers of the market depth early Tuesday (after the open) in order that we might have more data to gauge the current supply/demand levels.
Sustained high volume, as usual, must remain an important factor over the next few days.