Yes, I am aware that the 10-11.5c zone is going to be a very significant area of resistance, since that will be where many will try to 'get out even'.
Also, if that point were to be reached around July10, a collision with the down trend line and MY 75 day MA line will occur. THAT may cause some concern, I'LL BE WATCHING !
Have to wait and see if we build up any momentum prior to then , which may have the 'jumpers' second guessing themselves and deciding to become long term holders again !
If she turns, I wont hesitate to bail out and will be placing a net out at around 6c BUT HOPE NOT.
The DOW , should not worry us IMO, as this stock has been going its own way for a while now and I hear there's some rumours on more strikes {not in Chile} to prop up Cu price!
Did I mention I'm bullish on copper ?..... but i'm keeping a very close watch on that hole with iron ore in it Heheheh.{?}
It's all FUN.
Cheers
TMR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
