DUN 5.71% 3.3¢ dundas minerals limited

Ann: Anomalous Co Cu Ni & Ag XRF Values in Massive Sulphides, page-297

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  1. 14,372 Posts.
    lightbulb Created with Sketch. 7935
    Hi @Yubbedup thanks for your vote of confidence. its a very tough market for bullish TA but see how we go
    here we have your very typical breakout scenario in any time frame..

    1 initial price and vol spike on news
    2 a few bars which have gone too high too fast (outside of the upper Bollinger band),
    3 retrace on light vol to the 9 period exponential moving average,
    4 a move back up on vol through the 62% Fib of the light retrace.

    Now if price makes it to step 4 your often on a good thing, but sometimes this can also be a CR pattern and price collapses back below the 62% Fib level...if your confident that its not a CR pump then your probably up and away till the 5 ema crosses down over the 13 ema (usually that's at least 1 bag away)..but as long as its above 62 Fib level keep buying at the 9 ema support. ..all imo of course. Dun.png
    e
    Last edited by W3hunter: 10/10/22
 
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