Short Term Trading Week Starting: 8th May, page-135

ORE having a strong run, possibly being fuelled by short covering. To my eye it looks like the chart formed a pennant that broke out yesterday for another leg up. Pennant target of $4.13 coincides with support demonstrated on 11-Jan.



Fellow producer GXY also humming along, forming a pocket pivot out of the accumulation channel yesterday. A pullback to check support at ~44c would be a good buying opportunity but momentum may have carried SP too far already.