GREY:MIGGF - Post by User
Post by
glorieuxon Jun 29, 2011 12:03pm
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Post# 18779565
Good buying pressure
Good buying pressureWe had a wall at $4.50, big iceberg from anonymous and we broke it down but now we have a few new asks from 2 and 62. If we can finish above $4.50 today, that would be a big technical win and we may see further price increase in the next few days/weeks. The underlying fundamentals and market uptrend will probably support this. Migao has stopped buying the last 2 days and only bought 9100 shares last Friday. I am surprised at that as I would of thought that as long as we were so undervalued, they would of kept buying aggressively.