(Total Views: 272)
Posted On: 09/08/2019 2:26:52 PM
Post# of 2062
Expectations for Monday? I have none - zero and think another week of drift down without some positive news from the mine site will see shares go sub-penny again. We've already given up over half the gain we saw in August - and doesn't take many down days to wipe it out and put sentiment back in the tank
If you use 0.0075 as the May/June base before this Jul/Aug rise to 0.022 then we've given up half the gain - that's OK but that's enough. We just dropped below the 50 day Moving Average - a simple but not bad SELL signal. I usually give it couple of days to avoid a whipsaw but a down day Monday says the move is real till some outside factor takes over. One man's sell is another man's buy and the RSI at 41 is dropping toward oversold. This may be a special case since news -we hope - is imminent but that's a hope - not a given.
News welcome Monday - if it's good - but personally I'm not expecting it.
Other views? Anybody spoken with the CEO this weekend?
http://schrts.co/yKDgPsAR
If you use 0.0075 as the May/June base before this Jul/Aug rise to 0.022 then we've given up half the gain - that's OK but that's enough. We just dropped below the 50 day Moving Average - a simple but not bad SELL signal. I usually give it couple of days to avoid a whipsaw but a down day Monday says the move is real till some outside factor takes over. One man's sell is another man's buy and the RSI at 41 is dropping toward oversold. This may be a special case since news -we hope - is imminent but that's a hope - not a given.
News welcome Monday - if it's good - but personally I'm not expecting it.
Other views? Anybody spoken with the CEO this weekend?
http://schrts.co/yKDgPsAR
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