MGO consolidated nicely around 27c and is now looking to break up through 30c on volume in anticipation of a new jorc (see thread for more info)
I think it's oustanding already YT. I think that was a vague Cup and Handle formed there and on breakout, probable target is about 40 cents.MGO has cleared 30c now, looking to re-test all time high of 40c, will be outstanding if it can break and hold 40c/41c
Its all in antcipation of the New JORC which should contain a hell of alot of Molybdenum!
INL has pushed up quite quickly to break down trend resistance line. Could be classed as a 'breakout' perhaps, but wouldn't be outstanding until it breaks horizontal resistance at 20 IMO. There was a false break in Feb which was halted due to the correction. Hopefully it doesn't happen again to this and it runs. I'm waiting for confirmed break through 20 before being too tempted.
Sipa Resources Limited (SRI)
A few indicators turning up here & just starting to take out 10.5c. Weekly chart approaching resistance area.
Weekly trend - up
MACD turned - up
OBV - up
Uranium leases potential.
Could be a good pick, nice rise the last few days but a lot of resistance can be expected around the .12 to 13c area. They have a few small %age deals in gold tennaments that could lift if gold pushes further.
I agree Abyss! ... longterm chart is looking very promising and yesterdays volume is confirming a continued rise. Great vol again this morning and has formed a little intraday pennant .... so looking like it might break an important resistance value .055 today.BPO is a potential breakout today on the back of SLA good PR. The three year chart looks very good at the moment in my novices opinion.
Looks to be a potential break down now. Under $2.25 looks like trouble to me.CUY looks set to break one way, or the other.
With the Stochastic indicator just turning up, this might indicate an upward move, but might be too early to say. Momentum actually looks down ish, but there's more of a time lag for MACD to catch up with price action. DMI is slightly weakening. I'm a little on the fence right now, but hope it breaks up. (holding ) I'd be watching closely for a push through the top resistance trend line, for the break up.
Maybe it will?? Perhaps this jump is just BHP/RIO related as mentioned elsewhere. Still 'potential' in my opinion. Probably needs a strong close above $3.75.OSH at $3.74, once again tempting $3.75 resistance in an ascending triangle. Will it get through????????????????? I doubt it. :
On the 'maybe broken out alert' I reckon. If it holds tomorrow, I'll be topping up probably. This could be a significant break.would OSH now be considered a break out alert?
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