technicals..

  1. 13,576 Posts.
    my fellow traders..Analysis on the daily has me convinced that r retest of the .034 level will be upon us shortly..
    The daily shows that the .034 level is short term resistance...from the oct 09 highs, one can draw a line across all lower highs which depicts that the .034 is acting as a ceiling ..The larger bump and run formation on the weekly line chart depicts that the .029 level is acting as the mother of all resistance levels..so a break above and close of the .029 level will bring the weaker .034 level in play..
    Now assuming we break .029 and retest .034 in a week or so...a mega move should ensue there after..
    To conclude for this to happen in my humble opinion a catalyst needs to be presented..and by this i mean the delayed news of ore grades...
 
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