GREY:ALXDF - Post by User
Post by
goldopportunityon Jul 16, 2018 5:44pm
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Post# 28323810
Fwiw.......
Fwiw.......Alxdf closed at usd .035 = cdn .0459 (boc 1.3137 close)
Alxdf up 16%. 52K traded -- about 20% of average daily volume. Mexican standoff till mid-afternoon. Uptick trades to the usd .035 print.
Azx unchanaged. 380K traded -- about 70% more volume than friday. The week started with td cross trades at the day's high. No legit follow-thru so sp sloshed in place at cdn .04 print.
Bottom-line:
So what happens tomorrow, and the rest of the week?
Many st techs I follow have gotten a little frisky. So we may slosh around a bit tomorrow. I'm thinking alxdf could trade between usd .03-.035, with a possible intra-day outlier above .035. And for azx, I wouldn't be surprised if the idiots do a cross at cdn .035 to see if any legit scared money is still lurking out there. Sp could get to .045, at least intra-day.
For the rest of the week? Good news. After we get the st techs down a notch or two, I'm projecting sp to at least intra-day reach the 50dma by friday. If I'm right, then we could see sp hit around usd .045+ alxdf and cdn .055 azx. You plan, and adapt accordingly.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp