RE:volume picking upbluestar wrote: people getting on board for the run as we get closer to the Q numbers. if they hit targets,the sp will be much higher,imo.
the volume you're seeing today and for the next few days are caused by portfolio positioning for the year by money managers, remember in order for the stock to move higher and get bought higher there needs to be a trigger on the fundamentals i.e. met target and the underlying commodity also needs to go higher - 1225-1235 for a period of time, a lot of gold buyers are waiting for this range to occur before miners goes parabolic.
Technically if this moves to 52-55c by next week it will be in overbought category and expect a retracement to mid to low 40s again that wlll be the time to back up the truck and you'll see a triple bottom over a period of time (within 90 days).
good luck.