SMM 0.00% 0.4¢ somerset minerals limited

have we reached the bottom yet, page-6

  1. 175 Posts.
    irynka,

    Yes, I am aware that the 10-11.5c zone is going to be a very significant area of resistance, since that will be where many will try to 'get out even'.

    Also, if that point were to be reached around July10, a collision with the down trend line and MY 75 day MA line will occur. THAT may cause some concern, I'LL BE WATCHING !

    Have to wait and see if we build up any momentum prior to then , which may have the 'jumpers' second guessing themselves and deciding to become long term holders again !

    If she turns, I wont hesitate to bail out and will be placing a net out at around 6c BUT HOPE NOT.

    The DOW , should not worry us IMO, as this stock has been going its own way for a while now and I hear there's some rumours on more strikes {not in Chile} to prop up Cu price!

    Did I mention I'm bullish on copper ?..... but i'm keeping a very close watch on that hole with iron ore in it Heheheh.{?}

    It's all FUN.

    Cheers
 
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