GREY:XEBEQ - Post by User
Post by
tamaracktopon Jul 07, 2021 1:32pm
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Post# 33505998
The very good news
The very good newsThe $4.40- $4.50 range has represented strong resistance since June 10th.
For the last month there's been a ton of supply there.
A seemingly impenetrable wall.
The action in the last 2 days and the associated volumes have taken out a great deal of overhead supply that's been sitting there.
This in itself is a good development going forward.
There's no question that wall has been weakened.
It no longer looms there so ominously.
Volumes in the US over the last 3 days have been multiples of average daily volumes.
250,000 shares already today.
The significance of increasing liquidity in the US can't be overstated.