Well I’m strongly in the opposite camp.
Here is why. Like just about everyone I am averse to risk and one of the ways drilled into us to diminish risk is diversification. So had spent the larger majority of life diversified.
But something happened, and this applied to ALL aspects of investment...
DRO is a perfect example of Supply Control.
Ive been trying to get some time aside to mark up charts.
Basically and quickly the Bar on 26/8, with a High of $3.90 and low of $2.95 is and will act as Volume resistance in these price ranges until
substantially breached in either direction.
The...
@UMike
Beat me by a few minutes.
DRO has upheld the technical out look plus a few very important levels I need to draw up to show properly based upon Volume support and resistance. DRO has honored all.
An interesting chart that helps with my thread on Supply.
Been strapped for time to keep...
Don't know what your criteria is?
I looked back on 8 of these just reciently as there is no follow up.
All but one lower than first alerted.
It would be a better discussion (Not that there is one) with some more drilling down.
Just a thought.
I'm thinking 15 million at .007c is $100K turnover. Average around $1000 a day!
Not on my radar. Like trying to anticipate where a Fly on Cocain is going to land!
For what it's worth, the volume in this consolidation is reasonably high. I am looking for high-volume bars like the most recent red bar supply.The full length of the body of this bar is in control of price.The high being tested 2wice and the low 3 times.
This is a time to watch. When gold bugs...
GG
If you take a look at this 15 min chart and the clear rejection on 7,12,13,14 th with today being the strongest I think The rejection at these levels is strong enough volume wise ( everytime it gets there ) to suggest Supply sees this as time to get out.
Lately around $4.07 sees supply...
Technically at an important support level
A solid drop through here would not be good
This support has held a few times recently so it
Could be an opportunity to buy a dip
To early to call.
Longer term this looks cooked at mid $4s
I’ll comment a little on Tradeguider VSA software.
Met Gavin Holmes through Nick Radge at a seminar Nick was involved with Gavin.
Had a chance to catch up with both for a chat the day before the seminar.
Gavin struck me is a straight shooter even though his past live was a copper.
Gavin had an...
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