Looks like a technical break - take out a few stops.
A reversal higher makes it a buy signal and a higher high is a new target.
A bit sad really as identical temporary breaks have happened to quite a few decent stocks over the last couple of weeks.
I guess people think we are still in a full blown gold bear market and having a dead cat bounce.
Aussie gold is up almost 5% from the lows which would normally equate to a 15% rise in gold stocks.
Can't shake the pessimism.
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Looks like a technical break - take out a few stops.A reversal...
Add CGN (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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