VG.TO

Playing continuations as VG.TO is presenting itself chartwise as a lesson in making the right selection for resistance busting, at times which, is a speculation that has its roots in, glued to the screen Level II watching.

As such we are concerned that .60 cents would represent an area where paper has come out before, but upon an examination of the asks above .50 cents on level II,  this is contrary, at least for the moment, there is not enough asks, such that a rise through this previous level of resistance could be slow due to the fact that as a psychological factor, the lack of asks will simmer the buying because strong hands don't chase, rather they bid, and demonstrate patience for loose hands to come down into the buying range to make the trades worth while.

This where the buying from the side (can be observed in real time on level II) comes in as  an adrenaline factor.  Buying from the sides could chase up the price on low or high volume which would suit me... buying in from the sides deciding not to bid, to take a bit of higher risk, where possibly it is justified for traders, is the spice of life, and can just as easily be quite profitable providing some real sport going with the flow.


However, small asks on prices under a dollar dont motivate strong players, and they hesitate to to chase the price up making it more expensive for them to take a position. As a strong point... this is an area where the loose hand mentality tends to top the issue out of fear and provides strong bull bait for the continuation to expand surprising the toppers to no end. They just don't see it.
Lack of asks also increases the risk of a spike through exuberance and will result in a temporary unsustainable high that needs to correct.


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