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.
Price right at resistance again but solid trend on RSI and book looking good today.
we are at 50% retrace at moment, breaking that we could easily see my target and where also will be the 200ma.
My next price target is 1.25p area. Looking to slice/sell some there.
Funding news to come this month. Big huge project with great benefit to UK.
Everything can be seen on the chart
very bullish for me at moment and it's down to patience & let market run it's course.
next results in November I believe which will show the profit/revenue they will make.
cash at about £9m & mcap at £10.7m - barely pricing any of their contracts.
we need more buy volume to kick in for a potential reversal
recently a lot of hype sentiment on this company but worth keeping an eye on for future as news continue to come.
look for when we close above t-line.
EML having a nice retrace before next leg.
Really like this company but not holding shares at moment but keeping an eye on.
I see 2 areas for scaling in:
2.8p-3p where previous Supply / Demand was previously
as Director keeps buying into it, you can see that he truly believes in the company going forward.
lots happening next few months in this company so he will be entering in a closed period eventually.
we are almost at SR level so can see a potential volume spike & bounce from there.
as a long term trade this could do extremely well so better get on the fundamentals ...
Will look for a double bottom to do a bullish divergence before a stronger bounce.
Quite oversold and should start building momentum very soon. news will also help to bring extra sentiment.
some bullish divergences happening bit by bit as buying volume comes.
a few MA's to break on the upside so it might take a while to adjust but eventually it should start ...
I believe we should at least head back to the 200ma and with production reaching 8k boepd by year end news then we should head back to highs by spring 2019.
time to be patient as Paul Welsh is always under-promise over-deliver. read the last few RNS's to make up your mind. Also interviews on Proactive Investors.
Amazing bounce from support level.
for entry I would look for a dip back to 50ma or T-line as you don't want to be buying at the top just in case.
Really great chart setup and will look into fundamentals this week.
Quite a nice chart setup for possible entry to come soon after long wait on sidelines as been on down trend for long time
Always best to wait for the best moment to start scaling in if you are keen on the company.
Descending wedge as it gets tighter it will eventually break up.
non-bias view as I don't hold any shares.