... for anyone interested ...... price projection on this last run up was 23c and we got 24c and into overbought. We look to be getting a very short term healthy unwinding now - a 38.2% retrace (typical for this stage) takes us to 20.5c (20c is the gap fill) - once completed, the next run up takes us to 28-32c on the chart before it will need to unwind/ correct in similar fashion again - then after this, another very solid run up should follow as the wave sequence still would not have completed - I'll look at price projections for this once previous targets are achieved - if there is something very large going on behind the scenes here that we are unaware of (eg. takeover - if zinc continues to deplete I wouldn't dismiss this possibility) , these little corrective phases will be short lived and may not reach their lower targets , with the waves up in all liklihood exceeding their upper targets . For now , we want 20c to hold for the technical picture to remain strong . If 17c is broken, the bullish picture turns decidely bearish. For now though , The chart remains extremely bullish. cheers
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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