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BLK | Volume Weight Profile | 4th April 2017

BLK | Volume Weight Profile | 4th April 2017

As shown below, there are hardly any shares changing hands below 39c.

Stability around 40c.

4 Comments

  1. Ice Doctor

    What do you make of the price volume weight for the week. I am slightly surprised it got pushed back strongly and held at 40c? The last days have been strong for gold and ideal conditions for a healthy bounce. Volumes have been more back to normal, it is like no one is really expecting the rises in AUD gold to be reflected in the next quarterly profit report for BLK.

    Reply
    • the Merchant

      Confidence has been affected and holders are frustrated due to the movement in other gold miners. This is temporary and will pass. I’m grateful for the low risk bargain entry. On the other side are angry and frustrated investors who had a lot at 80c and now have half. Buy low. Sell high. Better than hope and hold. Certainly better than buying high and selling low.

      Reply
    • the Merchant

      Confidence has been affected and holders are frustrated due to the movement in other gold miners. This is temporary and will pass. I’m grateful for the low risk bargain entry. On the other side are angry and frustrated investors who had a lot at 80c and now have half. Buy low. Sell high. Better than hope and hold. Certainly better than buying high and selling low.

      Reply
  2. Ice Doctor

    Interesting. Good news for a bounce if the sellers dry up. I was thinking about 38c which had as a long term fib retrace target but I don’t get to plot the volume price action interday and given that don’t like my chances…

    Reply

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