justin_paul

ABN:TSXV - Aben Resources: tested support at $0.24 and trendline

Long
TSXV:ABN   ABEN RESOURCES LIMITED
ABN:TSXV - Aben Resources: a test of support at $0.24 which proved resistance previously, held the up-trending line drawn a few weeks ago now. Watching for the bulls to step up and set a higher daily high after the last 6 sessions have seen lower daily highs, $0.255 is the level to watch. Gold spot prices are breaking back out above $1400USD after a week of consolidation, this could help full the miner/explorers higher than previous years, and could also see some first drill results coming in the next couple weeks which fuel continued upward momentum, last year gold spot prices pulled in heavily in the middle of July, which fuelled a correction in ABN's share price, this year with gold prices strong I'd anticipate a different trend/pattern to form. #GOLD #goldentriangle $ABN.V

Near term Catalysts:
Drilling commenced on June 10, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 100%+ up near 50c. This drilling season should see similar results and will be reflected in the stock price the golden triangle is proving to be very position for gold exploration and with the price of gold testing multi-year highs these could be very profitable and gain lots of attention.
TSXV:ABN

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.