AYN (ALCYONE RES LTD) 19 August 2011: =================================== we could see the positive hidden divergence between the price and CCI which might cause the price rising.
but if it breaks down the lower line of the channel (support line), the target would be around $0.04. (If AYN trades below 0.8 we could say this channel is broken down for sure, which I think wont happen(I hope)
also AYN follows Silver price...(Becuase of the leverage ratio in more exaggerated manner) I compare both price fluctuation of Silver and AYN and we can see a very strong Correlation(Yellow colour is Silver,Purple is AYN)
But technical Analysis of Silver :
Silver is braking the neck line of the Head& Shoulders pattern, if monday silver closes high with a good volume, target could be around $50.00 .
