Fab said:Looks like around 5.20 to me on Kennas chart
Prospector said:I notice a nice gain of 12% this morning, with the only announcement relating to an increase in DYL holdings. Is there any other reason for the climb?
kennas said:$4.00 is support, also at 200d ma. Could bounce from here, but I reckon the chart says $4.00. Then $3.50.
kennas said:Yes, well, around $4.00 WAS support ($4.15 is pretty close on a down trend in the scheme of things) and $5.15 - $5.25 was clear resistance over the past two weeks until it broke out. My original post about $3.50, was indicating that that was the next level of support DOWN if $4.00 was broken. Clearly that did not occur and the stock did bounce.
WHAT A DIFFERENCE A MONTH MAKES.
Especially when one of the largest uranium mines in the world is put on hold for a year, out of the blue!
More blue sky to come I'd say.
Good luck to all holders.
kennas said:Yes, well, around $4.00 WAS support ($4.15 is pretty close on a down trend in the scheme of things) and $5.15 - $5.25 was clear resistance over the past two weeks until it broke out. My original post about $3.50, was indicating that that was the next level of support DOWN if $4.00 was broken. Clearly that did not occur and the stock did bounce.
WHAT A DIFFERENCE A MONTH MAKES.
Especially when one of the largest uranium mines in the world is put on hold for a year, out of the blue!
More blue sky to come I'd say.
Good luck to all holders.
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