GREY:ALXDF - Post by User
Post by
goldopportunityon Jul 31, 2018 6:29pm
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Post# 28394578
Fwiw........
Fwiw........Alxdf closed at usd .041 = cdn .0533 (boc 1.3017 close)
Alxdf down 2%. About half average daily volume. Outside up high, inside close. Interesting that only 1K traded in the last 5 hours of session -- key point. Bidders upped the ante from yesterday.
Azx up 10%. Volume on all cdn exchanges was 383K -- about 40% less than yesterday. Outside up high, inside close. Only 5K traded in the last 3 hours of session.
The big take-away for me today was the volume, or more precisely, the lackthereof. Tells me there's much more sp appreciation to look forward to in the next little while.
Bottom-line:
So what happens tomorrow? It would be reasonable to think that alxdf looks lkely to follow azx's higher high made today. So I'm thinking alxdf may trade around usd .0465+/- intra-day. Azx looks poised to mostly trade within today's half-cent range. I say "mostly" because I think both stox may start tomorrow with a cent bb/ba spread. So there could be an "outlier" and/or cross trade(s). Expect volatility. Be vigilant. Jmvho.
goldopp