Sunday, May 31, 2020 7:10:05 PM
4 high spikes of volume on the 5th, 10, 13 & 18 &
not enough red to clear all the buying
The 30 min chart shows the action better;
And to zoom in on those 4 volume spikes;
You can even tell the time & price people were hitting to
get an idea where resistance will probably occur on the next run being, this is where it seems most people are holding at.
Seems 18-20 on that first run,
25 on the second,
35-40 on the third,
47-51 on the forth.
I believe most are in the red & holding.
(perhaps stating the obvious there).
Plus, looking at the lack of volume since beginning of March,
this low float is freaking locked solid.
If the filings are good,
we should blow past 20 & 30 and 40's in a heartbeat.
Any hint of merger news & 50 is dead, 52 week high is gone &
it's blue sky break out.
If the merger is as good as we hope,
Clay will say next resistance is at .20 then .50.
After .50,..
Clay will then say "1.10-1.25".
Why you ask?,..
Based on this freaking LOW float,
I don't think I'm too far off.
(Did I mention this float is freaking locked solid)???
Cheers
BTY, the chart I'm using in on Silver Price,
https://silverprice.org/
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