I had to move the arrow further to the pointy end of the triangle, but we are still in the zone. What we want to see is a consistent close over 3 days at or above 0.027. I suspect that any big orders are just sitting on either side of the fence waiting for the next annoucement. If the results are as good as, or better than, previous results then we should see the closing happen and then a move up to a new accumulation zone (in theory).
Past patterns do show however a move up and then around a 40 or 50 % retrace. It would appear that the company needs to keep pushing the news out regularly or they will enter a decline regardless of how many millions of ounces they have.
MCT Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
