RE:RE:Pisstil worryThis post is in terms of IVPAF, we are holding that ticker hoping to pick up stock gains as well as a bump from the dollar decline, vs. holding ivn.to.
This stock is following trading patterns. The move from 1.50 to 3.00, and the breakout to 4.50 follows a cup and handle. (Yes rounded numbers) The double top with a lower high started the selloff. We are currently dancing around 38.2 fib. Not a lot of past volume between here and the 200 day, where there is a ton of support. Oddly enough the 200 day is just above the 61.8 fib.
My guess is a there will be some selling right after the Platreef news release as many here were probably planning to lighten up much farther north of where we are now on the news release. We will soon learn what percentage of recent buying was by traders vs investors.
We didn’t trade in or out of a single share during this selloff, and don’t plan to. If the bottom isn’t in don’t get scared out at the bottom. At this point it’s important to know if you are a trader or an investor. If you are a trader you should have been out at the double top and lower high. GLTA