XAM 0.00% 5.6¢ xanadu mines ltd

XAM Chart, page-27

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    Interesting chart on XAM:

    • Broken out of it's mini bullish pennant to test minor resistance at 0.057
    • Price has closed well over the SMA (9) line twice - indicating potential new uptrend movement
    • MACD about to cross over, Stochastic with positive momentum
    • Two announcements expected in near future - Red Mountain Drilling Results & Target Update/Phase 2 Program Structure for Kharmagtai.

    If it can push past 0.057 on decent volume, the next test will be at historical minor resistance = 0.063.

    Interesting few weeks ahead I think
 
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