Technically, with the high volume, just short of 6 million as of this post, distribution is the key word here.
When this type of volume occurs, there is an exidous of smart money spreading ther shares. Logically there should be consdolidation and support appears to be in the low $2.40 range. Factor in the large gap this morning and the odds are stacking for a dip, but be advised, it will likely be the make or break dip for a mjor run into the $4.00 range over time.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
This blog does Technical Charting on Online Canadian, and American Stock Plays to find the movers
( This site is not about being pretty... It's about self education in the art of gorilla charting and swing trading!
Tuesday, March 17, 2009
Monday, March 16, 2009
DON.V
GLTA Lostoutwest
Kenuck SmallCap Trader
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Kenuck SmallCap Trader
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Subscribe to:
Posts (Atom)