A quick meander through the Public chart list shows the wisdom of taking some off the table... Gold is being subdued accross the whole watch... which leads to this potential runnaway...
WPX.V Poatash... making a short squeeze reality... may provide opportunity on Monday with a low open because the move was on buy on stops... that means the volume was not made up of exuberant chasers, so the open may not be exuberant.... so a low open is possible meaning the shorts may be wary and if the volume keeps up, it may breakout and shake the shorts confidence.... the fundamentals are pretty decent, and a recent financing though short of the mark.... was pretty solid anyhow... I will be looking for a trade on Monday...
Because buy on stop runs can be quick and whippy... it would not be advisable to chase, but bid low off the open, and be cautious... don't buy a gap............! ........it's bad luck.
Check the ADX Trader Gallery...!
GLTA Lostoutwest
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