tomboy is here!
Im watching and thinking this 29 March run from 30c to 52c is impressive on such low volume
but since 15 April its flatlining at the top around 50c
will take large volume buying to smash the interim tops of 55c-58c
Remember I correctly called the top of 58c last August.
I also said its trying to find a bottom from 40c to 30c and then called a 20c bottom
so it got to 28c on 1 March not far off what i said.
Barchart showed 100% sell at 28c a sure sign of a conviction BUY countertrend.
Thos who bought at 20c and sold at 58c and bought at 28c again have made a mint
I think Itchimoku said he did that.
Yet he also was a buyer at 45c on the collapse from 58c.
Sure
Im watching for another top out pattern here
lots of green bars on low volume shows its being manipulated higher with nominal large buying involved
looks mainly traders and STs involved and not many LTHs.
now barchart shows
80% ST MT buy
but LT indicators are only 33% buy
so maybe peaking at prior highs of 55c-60c again, I wait to see the action this week.
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Detailed Opinion as of Fri, Apr 22nd, 2016
Detailed Opinion
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GLTA short traders
But it maybe time to take profits at 50-60c again.
30-55 is a great return every 6 months.
(20min delay)