GRML requires reclaiming trend line and VWAP to justify a long; otherwise faces rejection risk.

Next, I'm going to do GRML. Uh the reason I'm bringing this up is because this was we talked about this literally at the start of the week here with the news that happened over the weekend and we were absolutely right.

It was the Greenland Mines one that was going to be in play through the entire week.

We're actually seeing a multi-day move in this thing and it actually looked like it was going to go even higher here today, topping out at $22 here in the pre-market. All I've had to do is basically extend this trend line.

It has been dancing around this trend line that we identified the first day 13 and here we are again. And guess what? The trend line right out of the open lines up pretty much with the VWAP.

So GRML, you all know the theme. Stocks up another 25% here today. Um third day of this move. 22% of the float is shorted on this thing. One day to cover. So high on the percent of float short, negligible on the days to cover metric. float here just shy of three million at 2.92 13. You got any thoughts here on the updated chart?

I'm not sure I'd uh want to uh take a play in this uh unless we were trading above that trend line. It looks like that VWAP where the trend line uh you know connects to right there that looks like an area of resistance.

If we don't get enough volume to take us through and back above VWAP and and hold above it, I think we're going to get another rejection. uh that could take us back down to the 200 uh EMA.

There may be some more uh you know in this uh uh name coming up throughout the day or maybe even the week especially with the uh the Trump meeting coming up tomorrow where Critical Minerals is going to be uh at the forefront of of their discussions.

Uh so I think that uh it's certainly possible that there's going to be some uh some tradable price action here, but uh where the price is at right now, I don't feel very comfortable with it.

So, not to say that you guys couldn't uh you know, trade it how you want to, but I I want to see this w back above the trend line and the VWAP before I uh took a trade.

One more thing to eyeball from the chart here. Since this really started back on Monday, we've had a move in the pre-market higher Monday, Tuesday, and today. Out of the open, the stock has either remained flat or dipped for the first part of the session.

This can actually last up to like, let's see, it opens at 9:30 here. It started moving at 10:30. This can last for an hour. Yep. So, the big move that this stock has put in the last two days didn't come right at the open.

It came within an hour of the open or thereabout. It's about an hour after the open.

So, keep these levels in play. Keep in mind what the stock has been doing the last couple of days. What it's done the past couple of days is not indicative of future performance.

But if a trend or a pattern is developing like we've seen on some of these other stocks, it's worth keeping that in the back of your mind there if you do in fact want to trade this 13.

Look at look at GRML. Oh boy, am I glad I waited.

Yep. So, this is a support area that it's coming down to. We'll see if it gets that support here and turns around GRML. Um that was a wild candle prior to the open there. We did get a brief pop above VW and but couldn't hold it.

Uh so this is the concern that I had about uh getting it back above that VWAP and that trend line and holding above it. Hasn't materialized yet. So no trade here for me yet on on GRML if I am going to take one today.

All right. Now with uh with regard to some of the other movers that we actually can trade uh they look like they are uh coming some of them are coming down to some support areas.

Uh GRML leaning on that 200 EMA on the five minute uh after that VWAP rejection that we thought might happen. Uh so if this does get that support I think the area of resistance that we're facing right now is about 1625.

So um this we might trade up to 1625 but there you know unless we get the same kind of volume we were getting uh you know out of the open here uh we might not be able to recapture that.

So need to see a big expansion of volume as we approach that 1625 area.

Uh yeah, GRL uh really coming in. Man, was I glad to really that was the rejection site that where the the VWAP and the trend line were meeting. That was the the sight of rejection there.

And this thing is just resolving lower. Man, oh man. I wonder if this uh marks the end of that this whole trade because I don't think we've seen a move like this uh you know over the course of this week um as of yet and we are actually breaking out of a uh a parallel channel.

So let's see where the next support areas are for GRML. Not that we should be trying to trade this one, but uh looks like 1275 is your next support. Uh followed by I would say 12 even. Uh beneath that uh looks like 11:25.

Um GRML, this is the meme from anchor man. This is that really escalated quickly. This this was just holding in there and now it is escalating to the downside.