I agree that a volumeof 4m (shares) would be a good target volume indicating a stronger move.
I disagree that it is on track for that unless there is a great auction (which I admit have seen before with this stock).
I therefore think there is not enough momentum to keep pushimg this up at the moment. In times where there hasn't been enough volume in recent times it's gone back down, stalled at $2.50's and it may go there again if this doesn't break through convincingly.
Is about the right season for bulls though, so I'm keeping an eye on volume.
GLTA
GXY Price at posting:
$2.79 Sentiment: Sell Disclosure: Held