EQX saw a fairly spectacular rise from $1.60to $2.55 in 8 days.A...

EQX saw a fairly spectacular rise from $1.60
to $2.55 in 8 days.A very healthy 59.375% increase.
And now the expected and inevitable retracement.

As someone has already hinted $2.50 would be a good
consolidation/support level for another move up.Historically this has been the case when EQX was PRB
in another life.If anyone is interested,why not construct
a candlestick chart for the last 10 days of trading and
you will see how the SP is contained within an uptrending channel.Will it remain inside this channel? If it does $3.00 is not far away.Also look out for the possibility for a sequence of Fibonacci numbers starting at $2.50.

Some weeks ago the company raised money at .82 cents a share and the SP didnt take long in doubling to $1.60.This week 25 million was raised at $1.80 a share,and I expect we will see that also double in the near future.A floor at $2.20 is now in place.

EQX management have done an outstanding job in building a resource company from the disaster of the previous excursion into Indonesia.Continue to hold your positions for further price increases.The journey is just beginning.