GREY:ALXDF - Post by User
Post by
goldopportunityon Sep 28, 2017 6:19pm
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Post# 26756127
Fwiw…….
Fwiw…….Alxdf closed at usd .046 = cdn .0572 (boc 1.2450 close)
Inside high, low and close. Tighter trading range today -- bullish.
Very narrow spread between best bid/ask on the print -- usually I'd consider this bullish but clown canaccord is on both sides so the jury is still out.
Volume levels still up there -- bullish. Interesting that the volume kept pace with yesterday, yet we had a higher low -- bullish.
Many st indicators are heading south but they're fast approaching contarian bullish territory -- bullish.
Bottom-line:
They're still scared sheeple selling because of the consolidation thingy. But today's higher low tells me buyers had to move up their bids as higher demand crept in. In other words, the demand was there to absorb the higher than average volume levels. Couple this with a tighter bid/ask spread and you have a very bullish situation.
I suspect we'll see the volume start to taper off, maybe as soon as tomorrow as more traders notice that the sp is still trading in this 3-week+ channel in spite of the consolidation thingy. So I'm expecting a slow creep higher, with drama of course. We'll see what happens. Stand your ground. Jmvho.
goldopp