GBG 0.00% 2.9¢ gindalbie metals ltd

something positive is going on, page-4

  1. 9,241 Posts.
    re: u seller at 50 holding down sp Rockingham178,

    U/- seller is an undisclosed amount of selling in that particular line ($200/-+).

    Generally used to move lines in more liquid & heavily traded stocks.

    With stocks that are relatively illiquid as is the case with GBG, U/- sellers are sometimes used to suppress the sp as accumulation is occurring.

    In this case, this normally indicates accumulation prior to a run.

    Note RSI, which shows GBG moving into 'buy territory' which further strengthens my argument.

    regards,
 
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