heads over shoulders a simple observation on the chart would show an inverse head and shoulder formation with the neckline at 21cents.
The formation is large both in dollar terms and even larger on % terms.
A break of this level on good volume could signal a rise to the 30cent handle and possibly to the 40cent handle.
Don't know what it could cause the rise, but as Jubillee is drilling at Acra, refer ASX announcement, it could be a reason.
Arhidas
owns PIO shares compliments of HRR (Heron Resources Ltd)
heads over shoulders a simple observation on the chart would...
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