ALCIBIADES...
lol...relative!
A whole 2 hours range bound withing a 10c channel...lol...that's as stable as this one gets!
Th accumulators are taking advantage of the intra-day (normal) resistance level of $3.50-$3.56...and defending it ruthlessly every time the market edges closer to it.
It appears they are picking up some stock as a result...so the tactic is working...but with more and more "outsiders" liklely to consider the tight trading range as a sign of support forming, I am not sure how much longer they can maintain any meaningfulk level of net buying at current levels.
I can almost smell that announcement...if not today, then certainly on Monday after yet another 3 days of drilling!
Cheers!
AUM
australian mining investments limited
ALCIBIADES...lol...relative!A whole 2 hours range bound withing...
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