First off please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. Right now, Armor minerals may have some long potential but the future isn't looking so bright. The trading volume is only 5.45K, which isn't a lot considering they have a 0.48 CAD price. Yes, they are on the Toronto Stock Exchange, but they are...
Despite the volume - bullish euro pressure failed to break the 50% retracement.
There for the bearish pressure is still present.
The target 1 is 0.871 - which is tapped so 25% close
Target 2 - 0.8690
Target 3 0.8670
Target 4: 0.8650
We are currently risk free, if price reverses - still made pips. This is what is important.
