A rather unusal tight trading range for this month [15-17cents].
By the end of the month this range could be expanded.
A break on the upside could, I believe, push the stock in the 20cents area and potentailly to much higher prices.
For this to occur, we need some sort of freindly announcemnt re take-over or joint venture with either Cawse on Murrin Murrin operators, or some unexpected exploration sucess.
If a break of 17.5cents occurs and the stock closes above this level on a monthly basis, it would look constructive for the months ahead, based on techincal analysis trends.
If the stock breaks below the 15cent level, I consider buying the stock in the 14cent range could prove to be worthwhile trading punt.
Any gifts below 13cents, i consider would be a long term cream-de-la-creme, but one must be patient.
The greed to make a quick dollar attracts opportunists, and often prevents a stock to move in a certain direction due to these stale shorts or longs.
Arhidas
HRR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
