Our favourite junior copper producer is setting up nicely:
1. Stoch RSI showing early pattern of previous bullish moves and just broke out of a two year range
2. MACD is just executing a crossover from very oversold territory?
Previous setups like the current one have produced solid gains in 2008 and 2010 but we have restricted our bullishness to the previous 2011 high... and the fundamental story including the recent asset purchase from BHP is supportive.
1. Stoch RSI showing early pattern of previous bullish moves and just broke out of a two year range
2. MACD is just executing a crossover from very oversold territory?
Previous setups like the current one have produced solid gains in 2008 and 2010 but we have restricted our bullishness to the previous 2011 high... and the fundamental story including the recent asset purchase from BHP is supportive.