it is going down after having gone down. So all that Volume . All those buyers who bought all the way down from .07 Have they been smarties ? or Dummies ?
What does the PRICE ACTION right now suggest ?
Maybe they were people who could not get on because it just kept getting away from them all the way up to .07.
But when it fell ? Well now they could buy at .06 or .05 .04 or .038 AND it WAS JUST .07 ! etc ...
The buyers who buy all the way down tend to be BARGAIN HUNTING LAGGARDS..
A smart Buyer is one who Buys and the share price Goes UP. Because when He Bought . The shares Were "really" cheap.
They were cheap because the share price was NOT GOING DOWN.
So it is not good atm for me atm It is a HOLD.
We will know things are good and that the shares are cheap. When it stops going down and esp closes strong.
The opposite of what is happening.
As I said good things Do not keep going down. Someone will start to really BUY.
That is why a close above .036 I think is important. You want to get in EARLY not LATE. Problem these are connected by a circle So get confused.
Motorway
GCN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held