What will today bring...???
I still think we might need to see a little more volume at current levels before it runs again.
Seems people are still more than happy to sell at 1.7...but you can almost hear them kicking and screaming when they fall at 1.6c...which supports my theory that 1.6 is the profit line for most holders now.
The underlying VWAP continues to rise, which is usually a good sign...but that does't mean it will continue to rise every day.
Distribution appears to be the preferred action for now...exactly how long this continues depends on the volumes trading each day.
Have you noticed the buying waves?
Every few days, the big buyers pounce, pushing the price up in the process...then they sit it out for a few days, allowing things to settle and the t+3 brigade to bail, before starting the process over.
This is classic accumulation activity.
YAM may still be a dog...but someone likes it?
Cheers!
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
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