Post by
Summerof69 on Jun 21, 2024 12:45pm
Something weird going on with junior explorers ...
... check out daily candles for TWR, SRA, NBY.for today's trading sessions. Please take a look at the charts. Can someone else provide a better indication on what this could mean? I have seen this before at market bottoms.
Each company shares have long wicks where the shares are smacked down on volume to 52 week lows only to recover and rally to trade higher. What gives? This is highly unusual and in my opinion could just mark the capitulation sell off marking the bottom in these stocks. Is it happening for tax loss reasons or people have finally just thrown in the cards only to see strong hands gladly take on the ownership?
DOS traded similarly yesterday. Big dump down to 3 cents which is a 52 week low. And saw some buying to close unchnaged on ATS markets at 3.5 cents. Something is odd about this activity and makes me wonder if this truly is the bottom as the last of the sellers have dumped and left the building.
The rest of June may end with a whimper. But could we enjoy a second half rally once people come back from July long weekend celebrations in Canada and USA?
I hope so. Good luck to all and don't listen to me. I am a novice investor. And do your own due diligence first.