Here is my take on this afternoon close.... I know that house was moving "rooks" around....
As mentioned before on 1 hour chart, we are maneuvering nicely in the bands(Bollinger bands). Below, on the Daily Chart, you can see we are what many call - "Walking the Bands"... moving to the upper band is always a show of strength.(red band).
I would rather a close at 9c or above but, at 8.7c, we are still looking extremely pretty...look at the chart... we are in a nice, not crazily overbought.... just nice and steady climbing up.
The nice thing about rising on a "controlled" environment is that we can correct our trajectory in the same day or in 1-2 days.... no shooting up crazily and have to wait 3-5 days for a nice correction before the next leg up...if you know what I mean.
That house working now, is doing a good job IMHO...... so when we do get another TH or a very positive news, we can run up nicely without over reacting.....
Daily Chart
I am looking forward to the next TH Scott.... u know that.......
GLTA
T10
IVZ Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
