Looks like we are in for another low volume down day today.
Good to see the 5 day VWAP rising steadily. UP 4.4% when copper is down (1.3%)
4.4% is not bad for 5 business days.
An old business partner of mine who often guided the Lilly would say 4.4% in a week is 230% PA. That beats the S&P 100's performance.
Interesting to see what happens when you elliminate the smoke and mirrors that exchange rates, closing prices and volume add to the equation.
The close peaked at 8.8c on the 15th May The VWAP also peaked on the 15th at 8.6c The 3 day cumulative VWAP peaked on 22nd at 8.7c The 5 day cumulative VWAP peaked at 8.6c as did The CU price which peaked at $16,893 on my birthday on the 21st.
The 7 day movement numbers are interesting : Close price down (-4.5%) Daily VWAP down (-3.2%) Three day VWAP up 2.8% Five day VWAP up 4.4% CU price down (-1.3%)
HGO Price at posting:
8.1¢ Sentiment: None Disclosure: Held
