RE: Carry on....Follow that Camel!15 Mar 2021 09:40
Posting again because the chat is playing up today.....
JTS, All the charts are screaming buy! For example, I use Barchart.com for technical analyses, and the Barchart opinion solely based on technical, is 100% buy. Looking at copper, its going up too, only 1 outcome (Strong buy).
Regarding the spread, its not manipulation. Having read up on it. This stock is quite illiquid and what you will find is the market makers will offer a very wide spread to cover themselves first thing, but this should correct after the first hour once the trading becomes established. Its looking like it will base around 2.56 this morning, which is a little low IMO, but its an illiquid stock and not on many Radar. Therefore best not to buy or sell in the first hour. Seems to spike in the afternoon this one.
We are still following the 200 MA hourly I talked about. Everything is on track, but yes currently we are the tortoise not the hare.