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16/10/17

23:28

Post #: 27949182
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Originally posted by gsmaree ↑

Hi @W3hunter

As you know I have know idea about charting or it's terms, but I am curious.

We closed on Friday at 17.5 cents, opened on Monday at 18.5 cents due to demand, sold circa 54 million shares, and demand seemed strong enough not to fill the gap, and this pesky little gap is called an 'exhaustion' gap?

The very name indicates, that the chart is telling you the stock has run out of steam and will re trace, even with our volume today, and a maiden Auction in under 2 weeks?

I gather from another post, that you expect it to retrace to around 14.5 cents, if understood what you were saying correctly?

I hope Arena stays with us for a few more days then, as it will probably continue to upset your charting.

Hardrock is probably closer to possibly might happen, and sounds realistic, as not always can you continually climb in a straight line, but I will keep in mind what you have said, if I have it right, so thanks.

Cheers
gsmaree

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Here is my 2c on the weeks action

MUS Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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