Europa (EUZ) is a European metals developer primarily operating in Spain, where it focuses on mining lead, zinc, and silver. The company owns 100% of the Toral project located in Leon Province, holding a 3-year investigation permit. Following the completion of a comprehensive scoping study in December 2018, Europa has been advancing towards a full feasibility...
Europa (EUZ) is a European metals developer which operates primarily in Spain where it mines lead, zinc, and silver. They own 100% of the Toral project in Leon Province which has a 3-year investigation permit. In December 2018 a comprehensive scoping study was completed and now Europa is pursuing infill drilling in high-grade areas towards a full feasibility...
Price action analysis identified potential EUZ uptrend continuation and long opportunity. Pin bar candle trigger, confluence with; horizontal support rejection, 50% fib rejection and 21 WMA rejection.
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.
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...