GREY:ACEXF - Post by User
Post by
Maffiosoon Sep 03, 2016 4:07pm
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Post# 25205882
Analysis
AnalysisOn August 26th the stock broke out to the upside to 11 cents and on the third straight day of buying. Good volume on that day as well. Then an expected pullback with profit taking which brought it down to 7.5 cents (touched 7 briefly). The selling was on lower volume than when the stock was rising which is a good sign. Another good sign is that the stock did not go back to 6 or 6.5 cents or lower. All the profit takers and sellers should be done. Anyone picking up at 7.5 is going to make some good money on the next run which should take it above 11 cents. Small float and news expected?? Then couldd spike hard. Let's see what next week brings. This Smithgee poster makes some good points.