too early to tell
head and shoulders prediction fal of $8 achieved
now V-shaped correction with good volume
very difficult to predict atm
if consolidated arond the 10-11 mark next step up could be 13-14
otherwise strong downtrend may still continue
however, crossing EMA and MACD lines or starting to cross may indicate an entry signal
but too hard to tell atm
fundamentally, good company to be in atm being cashed up to 2.2 bill, good production
i exect zinc prices to go up, LME stores to prices are atm skewed (?dunno why) maybe prces will catch up eventually
so technically, more evidence is required after head and shoulders to determine where to from here
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zinifex limited
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EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
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