GREY:ALXDF - Post by User
Post by
goldopportunityon Nov 07, 2017 6:40pm
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Post# 26921771
Fwiw.......
Fwiw.......Alxdf closed at usd .0484 = cdn .0618 (boc 1.2785 close)
Outside high and close. Half yesterday's volume. Trade at low of day suspect (an internal??) as it triggered 1/100 cent higher than the best bid. Speaking of which, maybe canaccord is trying to be serious with that low-ball 505K bid at usd .0433. So they've put in a floor with a big number for 2 days in a row -- whoop-de-doo. That's easy when you know no one's selling. I mean, it looks good, but get real. If they're really serious they've got to up the bid. Let's see what they do tomorrow.
Technically, on the daily you gotta love that the cmf has dropped quite a bit in the past month.
Bottom-line:
Strike out the 1 or 2 manufactured spike lows of the past couple of weeks and we're trading in a relatively narrow range. Today's lower volume tells me no one is selling. In fact, the staggered market depth on the ask side suggests patient sellers are commanding higher prices.
And the positive vtx has turned contrarian bullish as it's now at its lowest level on the daily in more than 6 months. When this indicator gets this depressed it signals a sp reversal is close at hand.
A lot of positives to look forward to, folks. So we'll see what happens. Stand your ground. Jmvho.
goldopp