GREY:ALXDF - Post by User
Post by
goldopportunityon Jan 29, 2018 6:54pm
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Post# 27458625
Fwiw.........
Fwiw.........Alxdf closed at usd .0801 = cdn .0988 (boc 1.2335 close)
Alxdf made 3rd consecutive higher high; no trading for 5 hours after opening trade.
Azx traded in a narrow half-cent range, steady trading through the session
Even with a lower pog and gold indices down substantially, alxdf and azx performed beautifully today. Three things stuck out in both stocks:
1. bidders weren't shy in their interest -- very obvious both stocks were well bid;
2. another day of lower stairstep volume -- opposite from "panic" selling in gold indices;
3. friday's lows (now support) held -- very important.
Bottom-line:
What happens tomorrow? Imo, there's very evident pent-up demand. The market senses something is about to come down the pike. The trend is your friend. That being the case I think momentum may push us thru today's highs (resistance) at least intra-day.
So we'll see what happens. Stand your ground in markets and in life, folks. Jmvho.
goldopp