AAF 3.85% 12.5¢ austral africa resources ltd

hi folk's,i wouldn't be to hasty if i was you two,The...

  1. 6,368 Posts.
    hi folk's,

    i wouldn't be to hasty if i was you two,

    The Fundamentals,

    1.5 million cash in the bank,
    possible sale of asset's will give them more cash to play with,
    furnaces still producing,
    licences are in hand to explore,
    the dry season is with us and exploration should start,
    "very soon",
    so another announcement over the next few week's wouldn't surprise me in the least.

    The T/A

    today's candle can imply a reversal,
    especially on volume and of a support line,
    as it has today,
    the 10 over 30 day moving average it a very common and often a very popular group of M/A used,
    and as you can see they have crossed over and are bullish as well,
    there are many other indicators telling me that there could be a reversal on us very soon,
    possibly over the next session or two,
    and as you can see in the chart the down ward trend line is very close to being broken through as well.

    P/S I'M NOT SAYING THAT I WILL GO BULLISH HERE FOLK'S,

    BUT WHAT I' AM SAYING IS,
    THAT IT IS NOT READY TO BE WRITTEN OF JUST YET.


    Photobucket

 
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