TSXV:RTI.H - Post by User
Post by
Ducksoup000001on Apr 05, 2017 2:47pm
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Post# 26081176
Shorts at work here the whole morning on TA
Shorts at work here the whole morning on TASome observations the entire morning:
Volume has been picking up fast compared to the past 10 days or so, The bid orders have been huge in volume while the asks are also huge and low. The price was set at the $0.60 level as a support and a resistance. Classic example telling shorts are in very active trading to break this level and so hoping to trigger stop loss selling. So far sp seemss holding firm. I believe they are trying to cover at $0.55 level for potentially some good gain before Friday.
Here we have a lot of new popped up bashers' posts these couple of days confirmed my belief. When they rush to short we know they will also rush to cover. Technically $0.55 is a very strong support level. As long as the wait for the news is on this support should be firm. What is in the news will be another story and so is the impact on the price.
Have our fingers crossed. Good Luck all.