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20.5¢ wiluna mining corporation limited.

Nice post buddy. I entered Friday as a trader on the gut feeling...

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T2000

493 Posts.

06/03/17

00:07

Post #: 23114372
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Originally posted by Lucror ↑

Yep a big fall Friday down -12.2% for the day, approx -20% for the week and approx -35% from the Feb high. Panic in the streets? .....or could we be further down the chart below?
View attachment 490751

You mention traders will be looking for re-entry (agreed), my 'interpretation' of the chart has us looking extended on the daily, just south of the 61.8% Fib retracement level and at a potential area of support......
View attachment 490766
We have Gold putting in a nice looking spring or 'potential' reversal bar to close out the week despite further jawboning Friday from the Fed ....... View attachment 490772
Last two weeks of broker data showing some of the bigger names still top of the net buyer list....
View attachment 490778
A few ticks above for the ST trader, not to mention value investor moving forward especially if you add/agree/believe the content of the following......

http://blackhamresources.com.au/riu-dfs-presentation-2017/

http://thesophisticatedinvestor.com...dec-qtr-16-gold-production-analysis-valuation

Personally added a few at Fridays close, as always dyor!

GLTAH

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Nice post buddy. I entered Friday as a trader on the gut feeling that it's oversold and gold should bounce. Stop at 50 - hoping to get a nice run up from here. Big mover, blk.

BLK Price at posting: 54.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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