vcm11

why haven't derisk since breakout - 0.20p resistance

Long
LSE:EUZ   EUROPA METALS LTD ORD NPV (DI)
Yes RSI is overbought & stochastic is overbought but feel that price action & news being so close we might have a spike to the resistance level quite possibly on the day when the scoping study RNS comes out.
We might have smaller dips but I think there is high demand in this stock, similar situation to PRD but this one has more emminent catalyst to show economics of the asset.
I have derisked a little at 0.115p before a breakout was confirmed.
Happy holding here a little longer for bigger profits now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.