analysis

I am by no means a chartist - just fiddle around the edges.

My very untrained observations are as follows for ERN;

- Primary long term uptrend in tact. This is since 10 cents last August.

- Mini breakout or recently formed penant has just occurred last couple of trading days.

- Volume has droped off markedly, ready for the next upswing??.

- RSI has been under 50 which ERN does from time to time at the low points, it appears the RSI may break through 50 in the days ahead which would be very positive.

- MACD also looks like it is about to turn up or cross (12,26) which would also be very positive.

- We have had 2 nice hammers followed by 2 white soldiers in the last 4 trading days. A third white soldier tomorrow would be a very positive sign.

In summary it looks pretty good to me - but I am a novice.

Fundamentally, I am very happy. Expect more results in the next few weeks including some deeper mineralisation. From last announcement "Mineralization interpreted to be in multiple zones, including additional zones below minerlaization identified by previous drilling".

Also noticed one of our directors and head geologist Mark Gasson recently resigned from Tiger Resources who have a nice project in the Congo. More than meets the eye here perhaps???.