Context: Price near record low having bottomed out below 1c. Price has doubled since the lows and record volume has come in since July and has formed a tight consolidation.
Charts: If you're into patterns, you can see a bullish flag, wedge, descending triangle or cup & handle pattern developing, and the wedge is getting very tight now and looks ready to pop.
Trigger: Bear trap, tree-shaker done. Great set up for timing a move.
Depth: Still heavily offer but absorption is clearly taking place at these levels now. Orders being placed on the day rather than left overnight, and people taking liquidity rather than providing. Also it is still very early in the move, once it starts to take off, the bids will easily outnumber the offers imo.
Shorts: No open short interest.
Cheers
GLTA
TGM Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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