So I've created this absolute mess to try and visualise certain trends that are common across G88, and the micro-cap mineral exploration stocks we are all fond of.
I've added dates for announcements that have shifted the market negatively/positively, some of them are micro-movements but their effects can be massive. For instance, a Commencement Of Drilling ANN is going to have a negative impact in most cases. Due to the fact, a tick trader or institution doesn't have the time or interest to wait for results... They'll just go to the next micro-cap.
I have no doubt the capital raise that ensued after the recent high was sold into. I have circled in red where I believe the CR manager may have sold some of their 42,963,848 shares. (I refer to 9.1m shares sold within that 4hr session, I do not think CR manager dumped that many.) CR managers aren't exactly interested in the company, they provide a service to us, and once that's provided they cut potential losses. Imo, the coming days we will see SP return to the depicted trend, and then continue sideways.
It's a bit speculative, but I still think SP could touch 3.2c, we'll see. Considering I haven't entered, I'm going to wait until we're closer to quicksilver ann.
Super open to discussion guys, I have positive outlooks for this stock.
TLDR, Probably won't move until Quicksilver Ann. IMODYORNFA
Settings:
4HR Chart
RSI+RSI w/ Bollinger Bands
10, 20, 30, 50, 100 Expo MA
VRVP - Visualises most traded levels.
Volume Up/Down - Calculates volume direction.
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