Right now there are more sellers then buyers. It's pretty simple I would have thought. Someone does not want to be there any more. The buyers are being filled in by the sellers who want out. The sellers out number the buyers, and for that reason until those major sellers have sold the stock it will continue to come under pressure. The question is why do the major sellers want to exit so ruthlessly. Is there are reason why they no longer wish to be there. The gold price is still trading at fantastic levels. So what is the reasoning behind the sell off. Why is there a lack of buying to compete against the selling pressure.
AMX Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
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