GREY:ALXDF - Post by User
Post by
goldopportunityon Jun 20, 2018 6:00pm
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Post# 28202110
Fwiw.........
Fwiw.........Alxdf closed at usd .035 = cdn .0465 (boc 1.3301 close)
Alxdf unchanged on the day. Volume down 30% from yesterday. Inside day with higher low. Mexican standoff till just after 12 noon. No trading in last 40 minutes.
Azx up more than 12%. Combined volume from all canadian exchanges down about 45%. Inside day. Buyers were "playing" sellers, hence .04 taken out multiple times. No trading in last half hour.
Bottom-line:
Looks to me we have up moves in the making here. First major resistance point for alxdf would be this week's high of usd .039; and last week's high of cdn .05 for azx. I suspect we'll start chewing thru these targets very shortly.
More immediately, the pros most likely will still be looking to snatch up any remaining low-hanging fruit. So your resolve may be tested again tomorrow, at least in the am. This should result in even lower volume when traders realize selling has pretty much dried up, which in turn will bring in bargain hunters, which in turn will result in the best ask #s coming down considerably. And then the inevitable ascent will begin. Volatility will always sneak in here and there, but things look good imo.
So we'll see what happens. Stand your ground in the markets and in life, folks. Jmvho.
goldopp