AEX 0.00% 1.1¢ acclaim exploration nl

is it just me or is someone accumulating aexo, page-5

  1. 15,276 Posts.
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    Not accumulation...

    Just normal trading.

    Buying was understandably careful on the options today...perhaps due to the fact the heads need to break and hold the 3.4-3.5c level before the options can really justify the current prices.

    The close was not particularly exciting in the heads either, with a manufactured match-out giving a fairly unconvincing 3.5c and a preliminary buy signal on the charts.

    It may well run from the bell tomorrow, but my guess is for a relatively flat day around current numbers...which frankly, I suspect might be needed to confirm support.

    Still a bit of work ahead of it, with genuine resistance up ahead...but nothing a well timed announcement can't fix?

    For what it's worth...if it runs tomorrow without major volume, there is a real risk it will be doing so without the proper foundations in place...in which case, I'll more than likely sell a few to take advantage of a possible trading opportunity.

    Was a good day for buying today however.

    Cheers!
 
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