Low open - low volume - day traders cashing in and running? Over all market sentiment down today - Apple, the bell cow stock of the year is losing steam big time this morning
At some point we should have a market correction, big or small. If it drags TGB down, maybe a good time to scoop up some more shares on the cheap. What do you think Vegas, lol?
Have to think the volume is still mostly retail investors due to stock price. When approval hits and stock has a consistent floor or 6 or 7, then we should see the big upward pressure start, imho.
I would be shocked if approval, with or without conditions, is not granted. It would just send such a negative message to both BC and Canadian mining in general.
If approval was blocked somehow, I wouldn't be surprised if BC threatened to secede from Canada and apply to be the 51st State of the U.S.A. Well, maybe just stay independent with the current state of the U.S.....
Interesting little pullback for TGB this morning. The volume in the first 30 minutes was about the same as the last 2 days, but the first 30 minutes of volume those last 2 days is about 3x or 4x the average volume for the first 30 minutes of any period in July or August, so there is obviously 'new interest' in the shares of TGB.
Key support point for TGB in my opinion is $5.00 flat... which is probably the reason for the increased volume early on. It's now 'unlocked' for many funds to be able to participate. If it breaks $5 with any sort of volume, it could be a quick drop back to the $4.70s.
interestingly enough, the 10dma crossed UP over the 200dma yesterday, which is a GREAT sign from a charting perspective... doesn't mean a 'retest' of the 200 wouldn't be a healthy thing... especially since that 200 dma is, guess...$4.73 (and the 10 is $4.78)... Technically, still behaving GREAT!