GREY:ALXDF - Post by User
Post by
goldopportunityon Dec 29, 2017 9:09pm
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Post# 27249588
Fwiw........
Fwiw........Alxdf closed at usd .059 = cdn .0740 (boc 1.2545 close)
Inside low, outside up high and close. Alxdf caught up to the currency-exchanged price of azx during the day's trading. 657K changed hands -- almost 4X average daily volume. Intra-day sp reached a high of usd .069 -- just 35/100 cent off year's high.
Rsi, fast sto, vortex indicator, wm%R are at levels (either ascending or declining) that history shows have marked st tops. Will history repeat????
Over on azx on the cdnx, most of trading took place in the morning. Almost non-existant follow-thru momentum in the afternoon. Market depth turned decidedly to a sell bias during session.
Bottom-line:
In my estimation, it will be a challenge for sp to exceed today's high in the immediate st. The wild card could be what I see as a possible "concerted" push to get the azx sp to cdn .09. If this were to happen then, of course, alxdf's sp would follow suit and kiss its' 52-week high. We'll see.
Also, comex gold briefly and only slightly broke thru $1309 resistance level before retreating the rest of the session. And the xau, hui and gdxj all look like they are about to turn south imo.
Looking past the immediate st, we still look forward to those pending 40-hole gold assays that could drop at any time. Plus there's the all-important re that's due to be released shortly. And there's always the very real possibility that alexandria will get bought out. So much potential!
So we'll see what happens. Have a safe and happy New Year's Eve, folks. Jmvho.
goldopp