chart update june20

Sometimes a stock or sector may have been in a beer market for so long that we may give up on it. Perhaps abu is one such stock. Having trend down for the past severa l years and having a few false dawns would be really difficult to hold on to it. But it is usual when investors have thrown in the tower that a stock would start to rise again  Abu looks to be one stock now to have the potential of a trend change, The one thing that have the potential to derail this change of trend would be management problem or gold price heading in the wrong direction. However even if gold price were to go down in us dollars in the short term it may not go down in Aust dollars. Attached are a daily chart and weekly line chart of abu with closing. Please do your own research.