last days of sub 20c, page-3

Has anybody noticed the Wyckoffian structures here ?



Forgive my crude freehand drawing - but notice the first red line build up on increasing volume, the second red line fall on decreasing volume until the sellers are exhausted at the normal 50% pullback (blue line) then a final pull back before the spring (which has started now)

Wyckoff spent his time and effort watching news and the ticker for signs of changing sentiment in the market - coming into the end of June, and with that chart I reckon we have a powerful buy signal.

There is also support for that in the RSI which is oversold, but the macd tells us we might need to wait for a short while,specially with a day like today to contend with.

Now has anybody checked out the oppies, IRCOA - They are just in the money on the chart, still have two months to run and offer a x10 leverage on the heads.  Too good IMO.

Look at the oppies this way. Buy 100,000 at 1.5c for $1500 with the aim to exercise at end of August for $17,000 - total outlay $18,500. Now look at that chart, with end of June and the news flow which we expect from gold and Vanadium, 25c or 30c is not out of the question.  So that could be a $12,000 profit for your current investment of $1500 at risk.  Excellent risk/reward ratio, with only a disaster causing the heads to be below 18.5 (which is your break even) in two months. All IMO.  But anyway I grabbed 55,000 at 1.6 this morning and will buy more if they fall.

Maybe I should stay quiet, but no sweat.