STTComp, AMI TA Long
MC 134M c
SOI 480 c
Cash 35 squillion
Gold, silver and base metals explorer in NSW.
Pardon my simple TA, but it suits this simple set-up and this simpleton's ability. As can be seen, it has been in a steady uptrend since mid 2015 and with no sign or reason for any change once the last red is understood.
Weekly
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Friday's small 'sell-off' can only be explained by a bit of profit taking. But as can be seen by the very large 7M volume (largest ever), and minimal price movement, there were some very happy buyers
. Also, both Wednesday and Friday demonstrate some good back-testing, and coupled with the new FA, we should see the uptrend continue, even energetically.
Considering the general uptrend and continual successful discovery and PRODUCTION, with the T6 holding 70%, this present mini-low won't last long in my view. At worse, some further steady accumulation, and at best, new highs.
I'm not providing the daily chart as mine is missing the last bar, but it should be red with a narrow spread and a long downward wick. Most telling, this wick doesn't belong if it was confirming a downtrend.
In considering the FA, here is the link to Goldbulls FA tip:
STTCOMP AMI FA Long - GoldBull, which was prior to Friday's great announcement. You can read it for yourself including GB new additions from today:
AMI Production and Exploration Update.
