Comeon DEV, page-10

Yes - There was a break of the trendline a couple of days ago - a retest Friday and a strong move up today.....

Stocks have a habit of repeating chart patterns I have found - DOM was double bottoms and tops - SLR Head and shoulder tops and DEV falling wedge patterns....

I have been watching this latest pattern for some time and it has broken out the same as the previous one (shown on chart below) on touch 5 of the upper trend line....... And has a target of 0.65c...

Its been a gut wrenching ride on the markets the last month and I don't expect it to get any better in the near future....

Chart patterns have a habit of breaking out coinciding with news - falling wedge patterns are bullish consolidation patterns and usually break out on expectation of good news or better still.... the announcement of very positive news....

Nangus rd has 1 to 3 weeks for assay results from tomorrow so 15th March through to the end of the month...

It has been announced that we have been testing a strong IP feature and visuals have intersected several broad zones of intense hydrothermal alteration with associated pyrite mineralisation and quartz veins between 153m to the bottom of hole at 453m (assays pending).

So we have technical traders playing the breakout as @Greenfeet1 posted and investors taking a position or adding to their position in expectation of good results....

At the end of the day we need a discovery hole - plain and simple - not many companies can achieve that - there is only a small amount that do and it usually falls within the pattern of good management - money in the bank and the most of that money going into the ground to drill drill and drill some more....GL


chart update.....