technical update

unfortunately the positive swing pattern setup from last week which needed 32.5c to be broken past to ignite (which it didn't do), is now invalid as 28c has been hit today . So we are back to square one unfortunately, which in this case is no mans land . Any good work from last week has been nullified today. One of the fundamentalists on here mentioned the quarterly report is out soon - if licence updates / offtake updates / drilling updates of Mumbwa etc. are not detailed or updates on, and its just a regurgitated lazy report from AIM, then I might get a little fearful of this 27c break occuring - if 27c breaks down , on significant volume, we might have a problem here. There is some very smart money in AIM at 29c and above and yes they will be getting kept well informed but they wont hang around if anything nasty is nuturing behind the scenes - they will be the first to know , and therefore they will be the ones bailing first and it will be obvious.

For now though, we are hanging in there - technically its weakened , but it hasn't broken down yet . lets just hope the smart money doesn't drive this down quickly for the sheer purpose of picking up some cheap shares via stop loss placements - dirty play but it happens and its hard to distinguish initially this type of tactic vs a serious sell down, until the end of day data comes in.

Anyway, Still bullish , but painful and disappointing for small shareholders right now . Good luck with how you play it . cheers. ECN.