Hello all,
That was an excellent dummy spit shake out and now getting quieter. I have chomped again at this level as I feel we are oversold on the intraday chart.
I use the 10 day 15min tick and the RSI got down to 29.8 around 11am. The slow stochastic is also looking like it might turn back up - cross over from the bottom as well. This might be setting up for a negative divergence with a slightly lower price low - say 16c is possible as the down side risk today.
I am curious to now study this other high grade copper zone. I also note the current HGZ has grown on this latest drilling by at least 25m with holes ARVD 85 and 86.
Looking to buy more from the weak hands and profit takers for the coming months. Thanks to the poster that mentioned that 2008 Dec qtr report and the other potential Cu HGZ's to be drilled in this next round of drilling.
Good luck all,
Cheers CW
dummy spit
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