Looking at my weekly chart, it just bounced off the long-term...

  1. 243 Posts.
    Looking at my weekly chart, it just bounced off the long-term support trend (from Sep '09).

    When I spotted the dip, the buy side had a single order in at 11c - looked like someone was hoping to hit stops and catch any automated market orders.

    I'm happy to sit tight - I have other "exciting" holdings, and see this as a relatively safe mid-term hold.

    EKA is now looking oversold on the weekly stochastic and williams %R. My impression of the chart, coupled with the state of Blackjack needing horizontal drill and frac, is that we'll kick around in this 26-32c range for a few more weeks.

 
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