Today was a good test of the old major support of 6.4c. The strong Close at 6.8c formed a nice candle stick hammer and showed confidence in the value.
The last few days the sp was slapping the bollinger bands at 7.2c and way over bought at 7.7c so a nice correction was needed.
The macd and wma are looking bullish for the uptrend to continue and the price channel has moved to 7.7c.
May see a leg up within the next few days with continued buying interest for that offtake! Tomorrow would be a good day to drop a ann hopefully a detailed update on the drilling program for they mentioned a 2nd phase rc at Ringwood to commence in "due course" 15 days ago.
Gltah cheers!
Today was a good test of the old major support of 6.4c. The...
-
- There are more pages in this discussion • 285 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
