I'm not a TA specialist but here's what I've been looking at...

I'm not a TA specialist but here's what I've been looking at last few weeks:



Since the rise from the ridiculously low 3s in Sept (yellow circle marks the EMA cross) we've been moving sideways in a narrowing range. The last little rise was after the gap at 5.1 was filled (orange arrows) which I posted about at the time. The rise, however, still didn't see a break out of the range and it seems fundamental news must come to hit and hold 6c and signal a break out. Average volume suggests not much else (to me). See Robbbb's trading analysis on YouTube for a much more erudite analysis (2nd stock discussed):

http://www.youtube.com/watch?v=QR3tpUnqbe8


Fundamentally I don't know that there is much to talk about. Other than reserves, costs, grades and exploration success (done to death on this forum) we wait for something out of left field (the "transaction" that might herald a return of the dreaded C word).

FML still looks good to me but I can understand why some holders are frustrated...

The market is always right but sometimes it's right after being wrong.


Cheers,

C12