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Only because it is the week between Christmas and NYE, I think...

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johnno66

119 Posts.

18

22/12/17

22:48

Post #: 29845469
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Originally posted by bliu1120 ↑

I watched today's session very closely and I found: There were some fomos at beginning of the day but the momentum just got smashed down by two huge sell downs... literally huge.... first dump from 1.7c bid into 1.5bid... and then 1.6 got wipe out with huge volumes then 1.6bid got smashed down straight 1.4 bid again. and then the whole session was just dead...daytraders cut losses into 1.4 and by the end of the day some nipples up and down and there was not much action in the close auction.

My guesstimation is... the smart money has been either getting set or getting trapped.
So in the next couple of days if we see

Scenario 1 - low - moderate volume sell down - likely smart money got trapped.

Scenario 2 - low - moderate volume buying up - good consolidation action so likely got further legs up

Scenario 3 - high volume buying up - everyone loves to see

Scenario 4 - high volume sell down - everyone gets screwed but there maybe opps for a trad

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Only because it is the week between Christmas and NYE, I think Sen.1 for 27/12 & 28/12, and then Sen. 3.

IVO Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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