RE: Very honest30 Dec 2021 16:41
Volume has risen over last three sessions including today with consecutive higher lows and higher highs (daily chart). Also higher lows and highs for the last two weeks (weekly chart); therefore, anyone claiming momentum is dropping must be referring to a shorter time frame than the daily/weekly. Lower time frames are less reliable and more applicable to day trading.
GDR looks just fine on the chart despite todays spike in my opinion. Profit taking should be expected and hopefully the new money will belong to diamond hands.
No doubt there is more doom and gloom to come from the media with cases raging so I expect another decent rise could be on the card tomorrow, possibly with less profit taking.
Regardless of what any chart portrays, news of a contract will blow the roof off and those on the side lines will pay a massive premium if the golden rns lands out of trading hours.
All to play for in this climate, good luck!