EUZ fell straight to support area this morning after failure to release economics but mcap is still quite low and further momentum could come here.
Book looks good at moment and seems to be reversing but will wait till it settles a bit.
Zinc will be a good mineral for years to come so nothing is lost in a good resource company.
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
CCI turning green on Daily & weekly
RSI ascending channel
Golden cross 2-3 days ago
Holding above trend line
Holding above 50ma & 20ma
Down trend line broken
2.10p 1st target
4.50p 2nd target (on news)
Last update stated that the company remained hopeful of a positive resolution to the Mine Permit re-assessment process in the NEAR FUTURE! This update was ...
Next few sessions will dictate the move to 1.54p.
Bear in mind the 200ma and aware of a dip to it before bounce, if this week the selling volume deeply decreases then we should go above 1.54p
After 2.15p where also the weekly chart 200ma is we might have a pullback before next leg up.
Loving the chart setup in Tertiary Minerals.
200ma creeping in, bottom held at 1.17p where fibs lie.
Bull signal move once we close above the 50ma (orange line)
RSI looks set to break channel.
1.86p 1st target
4.76p 2nd target
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
Bounce from ...