G88 0.00% 1.3¢ golden mile resources ltd

Ann: Nickel Discovery Extends Over 3 Kilometres, page-169

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  1. 4,582 Posts.
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    insaf, for what it's worth, as you seem to be a rational technical investor/trader.

    I've been buying, and I know a few who have been selling. What I have noticed convincingly today is as soon as some large volume goes in at anything about 63.5c the algo instantly picks them up, then it begins to fill the 63.5c line with very small volumes. This does three things, (a) controls the underpinning purchases waiting for a nervous seller/s (like this morning), (b) controls the traders who want to buy on the uptake but need to pay the required price which is risky as a higher % exists, and (c) controls the 4c gap (60.5/64.5) until either they move it up/or believe they can shake more - with what has been happening to me all day I'd say the next leg is about to occur.

    Regards, NL.
 
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