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don't overlook burkina faso for mining success, page-5

  1. 376 Posts.
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    Thanks Psychiatist for the offer to post chart .
    I said some time ago (check my posts ) that the gap back to 8c would never close .In the last week or so it touched 10c then closed at 10.5c , so no gap closed .The recent price move of course is very encouraging and has also been a near perfect 5 waves up in smaller timeframes which tells us if it breaks above 16+cents that the down trend has been reversed .
    so near term could probably top at 16/17c to finish a nice little first wave up .A very nice little move of 50to 60%off the lows of 10/10.5c.
    Also In the chart I have drawn a perfect A B C correction that may or not be what has happened but it is open to enterpretation ,but as this is only discussion please keep an open mind.
    As i am a holder from just under 8cents from mid 2009 I am REALLY looking forward to what may unfold in next few months as I have a feeling it will be good.
    I am comfortable with my INVESTMENT in GMR
    Just another thought as in the past I have reflected on Triple bottoms, could it be we may have another comming up at 10/10.5c Just to give the bull the last change to through the unbelievers off the beast.
    If this was the case we would have the top at 25c minus 10c plus 25c to give a target of 40cents(at Least).
    I think we all should and could be patient enough to except that when and if that happens.
    I will hold till then.
    Good Luck
 
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