On the chart we can see the upward trend . We believe that the price will reach upsloping line which will be our entry for a long position.
After that we expect the price will bounce and the price will increase towards our target which would be at 0.08.
If the price closes below 0,063 we may see more downside.
Good luck
Anglo Australian Resources is a gold/base metals exploration company with resource interests in Western Australia. The price has formed a bottom and has commenced moving up (switch to a monthly chart). It is expected to break the $0.115c barrier to a new high. Wait for the break & a retest of that level. Resistance is expected around $0.15c. Due to current world...
Uncertainly across the global economy and Brexit fears in Europe are moving gold prices higher. Gold stocks are following the move in gold above the Ichimoku cloud.
This stock is under valued at its current price.
I like phat bottoms. if this thing confirms a move above 8c expect positive news shortly thereafter. gold still clinging onto $1200/oz also a positive for this little battler.
The decrease in volume in recent days shows that supply has dried up. Watch for a break of the upper trendline of the pennant on volume for a long entry signal.
With recent drilling and the nearology of their tenements this play is really gathering momentum here. Clearly being accumulated and chart behaviour has changed since the break of 5c. #goldy 7.5c gone today.
