I too am a technical trader. In the case of AYN however you need to consider the fundamentals driving the current movement and they are clearly the fact that this junior explorer is on the cusp of turning into junior producer.
IMO the current wild fluctations are due to the 're rating' underway of the fundamentals of the company, also combined with the very bullish price of the metal it is about to mine and sell.
First revenue is expected in June, so not sure a double top at 14.5 is going to be much resistance then.
Both OBV and Twiggs money flow point to accumulation, so in the ST the sp might be zigzaging around, but the stock is being accumulated for MT and LT bullish gains.
The current swings have been very profitable for the swing trader or those wishing to increase their holding.
AYN Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
