ERN erongo energy limited

As an ERN long termer and very amateur chart watcher, I don't...

  1. 1,044 Posts.

    As an ERN long termer and very amateur chart watcher, I don't wish to be a party pooper here but just a warning that this rally may only have another 5-7c left in it (ie to just over $1.00) - the very short term indicators are now almost in overbought teritory so it will take something 'special' to force the share price CONSIDERABLY higher in the next few days.

    Thought I should mention this because in case any of today's euphoric short term buyers expect too much and turn into become disgruntled near term sellers.

    The insto buyers are not stupid and will not push this one too much higher than they have to - in the absence of good news.

    Long termer of course, the outlook is nothing short of exciting.
 
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