RE:RE:Blood in streets Moemoney42,
Interesting technical setup
USAS finished the day at Aroon Up reading of 100 signalling a daily high, while GPR just came off a daily Aroon Down reading of 100 signalling a daily low 2 days ago.
On the GPR daily swing low from October 23 at 73 cents, that was a test of the December 21, 2018 swing low of 74 cents on lighter volume of 200,825 shares versus 264,101 shares at the December low, so that was a successful test of the low.
In the US, they could not even push GPL down to the $.551 USD December 21 swing low. Instead GPL had a daily swing low at $0.566 USD on October 16th on trading volume of 5,004,393 shares, and then had a succesfull test of that low at $0.56 USD on October 23 on lighter volume of 3,794,040 shares.
So IMHO, the GPL/GPR consolidation is over, and now the trading action gets interesting!
My question is will the month close on a bullish hammer for GPR? My guess for Halloween open with gap up at 88 cents, close above $1 loonie by the end of the day.