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Classic Action

This is classic technical stock action:


Breakout at 0.17, confirmed at 0.195, run up to 0.28, back to test the confirmation level, back up to 0.28, next leg up to convincingly take out the old 52 week high of 0.31, and now back to test the old high.


The trend is in place and accumulation is ongoing, mixed with traders taking profits no doubt.


How high from here?

over 9 years ago
Re: Big wall at 0.27

Anyway, they all got taken out. Now there's a big lot (424) @ 0.28.

over 9 years ago
What happened?

Posts suddenly stopped. Unusual for CUU vets.


Fmax

over 9 years ago
Re: WOW - what happened today???

There were some good chunks traded in the afternoon - 300 to 700k, capped off near the close by a block of 18M at 0.32.


Somethings up, of course, but no comment from the company yet.


I used to own SBB, made good return, and have been watching as it has been decimated along with most other junior explorers. I think it is a gem, too - half its mkt cap is cash.


Not sure if this activity signals a bottom in the sp. Time will tell, but I'm tempted to replace my position at this level. Still not sure that the gold price has bottomed yet.


Would be good to hear from some other posters at this time.


Fmax

over 9 years ago
Foxmax
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07/29/2014
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