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28/04/16
20:58
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Originally posted by Cheynne
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Trading analysis using 1 year chart. Show momentum, 13 day WMA and 30 day moving average.
The share has been in a basing stage 1 for quite while Going flat.
Today’s chart shows there is now a stage 2 breakout beginning. Momentum is up, WMA is up and even the 30 Day moving average is beginning to turn up after 3 years or so of no movement.
This generally doesn't happen without a reason. Also take into consideration there will be weeks of drilling. Reports and some announcements will follow. This is without a doubt a recipe for market interest.
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Thank you for your analysis. It's great to hear the charts are predicting great things to come. Is it possible to determine any targets at this stage?