One of my favourite patters with perfect waves.
Bought in this stock 4 tranches on every 200ma touch.
Delayed news already priced in and plenty of sticky holders.
Massive project in Mozambique to supply a 300mw of power.
Government on board and awaiting final go ahead timetable.
Looking to get to the 200ma before any retrace but except at some point for a close above the 200ma when further news lands
after years of a downtrend now the company with new direction & new BoD we certainly look for a brighter future.
T-Line crossed the 20ma & about to cross 50ma
Holding from 0.87p
200ma getting closer to price which I believe it will bring momentum.
Strong support at this price with a double bottom and at 23.6% fibs from highs.
RSI level is rising and selling has dried up.
Many times I have been trying to get a quote with no success so it means MM's are struggling for shares.
Ready for a bullish move within the next 1-3 weeks
2nd phase of consolidation, expecting breakout to be triggered by heavy news flow from further drilling data and feasibility study related data (FS expected early 2018). Soon to enter development phase and popular copper related stock. Stock tightly held and moves quickly on light volume.
big fan of this company and have been holding for months from 22p. with recent placing at 30p and solid fundamentals and technicals the investment case looks compelling, st catalyst of a 100mb equivalent drill at the end of the month. retail interest going with pr, bodes well: personal target of 60p in q1