ann out: high grade results ashburton, page-7

In for a quick swing trade today:

Entry: 50K @ $1.045 at open

Was holding paper loss and decided to put in another parcel 42K @ $1.01 to average down my price(got filled thanks to the nervous nelly). The drop is usually to test the support level, which is confirmed at $1.01. Past 2 trading days show ave price btw $0.99 to $1.03, so support is usually foound around this base. Pretty nervous holding close to 92K @ $1.03 ave price.

Sold all my parcels btw $1.05 and $1.06 for a tidy profit,

Not sure why the stock did not go to the 200DMA of $1.08. Was targeting around $1.07 today's target price.

Today's action is a bit strange given such a good gold hit.

Judging on previous ann back in Dec when good hits were announced, I expect this to have 3 days of green candles.

However I'm only in for swing trade and happy to keep the profit.

cheers
pcyc