Charts & Broker Data, page-686

Chart time again

Bull case
- Morning Doji Star = Reversal
- MACD and RSI are in good starting zones.
- High grade nature of the footwall in NLDD024 should push the equiv grade close to 100m @ 1% for the 2nd high grade hit of this campaign.
- 50 EMA has been reclaimed.
- Morgan Stanley have bought 1M @ 34.5. This position is too large for them to close out quickly with such low SOI, so expect a decent push higher before they start offloading.
- Further results pending.
-- NLRC029 95m @ ?% - Expect something around 0.5%
-- NLRC026 32m @ ?%
-- NLRC027 35m @ ?% and 17m @ ?%. Is this another hanging wall - footwall hit?
-- NLRC030 48m @ ?%


Bear case
- Morning Doji Star in a bear chart = Reversal could be limited to the last resistance zone around 37s. This level would need to be cleared within a few days to spt the bulls.
- Lots of overhead resistance points from the last few runs.
- If more avg/poor Au results are released for Strelley, it will kill the bull Cu momentum.



I'm running with the bulls on this one for the ST/MT.

GLTAH