Yesterday's trading was very strong with nice percentage move.
Not into TA but the chart has reached a "synchronised form" as I suggested might happen.
That is draw a vertical line through the centre of the chart and we have something approximating a mirror image each side of the line.
Still - while not knowing TA stuff - it appears that if share price can move forward to above 60 cents there is no resistance.
Based on fundamentals and predicted corporate developments in next month or so share price could move strongly --- much higher.
Have suggested that in the main share price will follow profits - to double by December.
Hence a potential move to mid 60's (base) and as far as 90 cents.
With a potential spike to $1.20 on news (or better still anticipation) of corporate developments such as joint project (such as majority control of one or two Gecamine holdings) or another mine (perhaps Kapulo or harvesting resource close to Dikulushi with proximity to Dikulushi processing infrastructure).
Remember your guess is as good as mine!
Early 2005 is my selected time for a more significant share price.
Cheers
NT
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