EUROPA METALS LTD ORD NPV (DI)

EUZ LSE

vcm11

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.

vcm11

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...