Picked up a few of these on market today, with the pending Limon drill results due any day now, iam liking the chances of a larger move higher here in the short term.
Looking at the daily setup, a few things that have sparked my interest;
- Price action has respected the 200 day MA at the 3.3c mark and is moving higher once more
- Short term SM is about to cross positive through the medium term SMA and both above the 200 day MA
- MACD trending positively towards the 0 control line
- Plenty of room to go on the RSI before the price action is over bought.
Whilst we may see the 3.6 - 3.5c moving averages retested once more, i think we are very close to a larger move higher here. Obviously the pending drill results would be a catalyst for this. A break through 4c would open the door for a run to 5.7c in the short term.
Good luck
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