GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 29, 2018 8:49pm
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Post# 28539727
Fwiw........
Fwiw........Alxdf closed at usd .03832 = cdn .0495 (boc 1.2931 close)
Alxdf up 5%. Meagre 2K traded -- lowest daily volume in almost a year. Marginally higher high, lower low. Hefty bids to usd .03, sp still being capped during session. Interesting that the money flow index is climbing nicely, while the accum/dist line is literally scraping bottom.
Azx-v unchanged, but up 12% on the omega alternate exchange. Total volume on all cdn bourses was 151K, of which 150K was a bullish scotia cross of azx-v. Mfi is climbing, and the accum/dist line is about 60% higher than july's low.
Today's action (or lack thereof) in both stox again confirms there are no legit sellers.
Bottom-line:
So what happens tomorrow? Alxdf's closing chart suggests to me that sp will trade within today's perimeter. I think there's a better than 50/50 chance that the sp may close a tad lower. Azx looks likely to trade between cdn .04 to .045.
Many of the techs in both stox are so bearish that they've now become very contrarian bullish. Basically, what we're witnessing now is the calm before the storm that I'm expecting will lift us past usd .05 and cdn .06 before too long.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp