ZFX zinifex limited

new trend , page-4

  1. 574 Posts.
    too early to tell
    head and shoulders prediction fal of $8 achieved
    now V-shaped correction with good volume
    very difficult to predict atm
    if consolidated arond the 10-11 mark next step up could be 13-14
    otherwise strong downtrend may still continue
    however, crossing EMA and MACD lines or starting to cross may indicate an entry signal
    but too hard to tell atm

    fundamentally, good company to be in atm being cashed up to 2.2 bill, good production

    i exect zinc prices to go up, LME stores to prices are atm skewed (?dunno why) maybe prces will catch up eventually

    so technically, more evidence is required after head and shoulders to determine where to from here
 
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