re: Ann: Konongo JORC Resource Increased to 1... im a visual...

re: Ann: Konongo JORC Resource Increased to 1... im a visual kind of person.

i learn what is happen better when i see it in picture form.



this is what i see:

1. When the 20 day sma crossed the 200 sma, the share price went up suddenly.

2. When the 50 sma crossd the 200 sma, the share price continued a steady increase in share price.

3. the 100 sma is getting close to crossing the 200 sma. when that happends i would expect an increase in share price. other reasons to follow.

4. bollinger bands are currently restricted. i have marked with a rectangle the last time the bollinger bankds were restricted. you can see what occured once the Relative Strenght index turned up from oversold (see other rectangle).

5. Share price is currenlt sitting above the 10 and 20 sma. this means good short term uptrend. Stochastics are in the middle. Stochastics will drop to oversold before an increase in the share price... or continue up into the overbought area with an increase in share price. Probably most likely to occur when the 100 sma crosses the 200 sma.

all in my opinion of course :)