Well, the $1.40 support held today. The fact that the red candles for the past 4 days were very small suggests that the maket is anticipating something, hmmm - wonder what that may be, eH? I have no clue if we are getting the NR about the assays Monday or sometimes next week, but if we don't get the NR (of some kind) we may test the $1.35 support, since it is a gap; and as is very common gaps do tend to get filled. What keeps me bullish is that even though we are going lower, bit by bit, the volatility (i.e., the size of the red candle bodies) is low and I still interpret the chart pattern as a bullish flag, so the probability of a bounce on Monday is higher than a possible test of the $1.35 support. But as we all know sh&t does happen, and then we have Greece, think I need a drink.
Based on what I learned from my conversations with CUU at the Vancouver show, I am not expecting the FS before more assay results are released, BUT that is just my interpretation of what I heard.
IF I was trading CUU, and I am NOT, I would have NOT bought today but rather waited for the green candle day and then bought in IF the intraday chart showed a bullish trend. For me that is a nice increase during the day and a consolidation going into the close.
