More on interesting US trading today:
-After the FIRST MINUTE of trading today during which the share price hit $1.21 USD, reality set back in and we quickly traded down to $1.11 within 15 minutes, then leveled off at $1.14 and stayed pretty much the entire time in a $1.13-1.14 range (with a WALL at $1.14).
-The bulk of the trades were small - a few hundred to a few thousand shares!
-Then in the minute ending at 12:45 (EST), 139,944 shares traded, and the SP dropped from $1.14 to $1.14 during this minute. Some person(s) or entity taking a new position, perhaps, or someone deciding to take a little profit after our nearly parabolic move!
-In the NEXT minute, another 128,000 shares traded during which the SP dropped to the low of the day (so far) at $1.10, but recovered to $1.1125 at the end of minute 12:46.
-Since that flurry, a new range seems to be in effect - $1.115 to $1.12, with the new "wall" at $1.12.
Probably not a bad idea to take a little break here. Parabolic rises are scary, because they often turn south at about the same rate! But also evidence here of active work to hold the price at "walls" rather than levels determined by normal "market action"...IMO
GLTA
MtnView
