Quantium_Research

200% spike on 14x average volume!

Short
LSE:EUA   EURASIA MINING PLC ORD 0.1P
Eurasia Mining has spiked over 200% on almost 14x average volume . This is a huge move with a lot of momentum behind it. That being said, there is likely a lot of profit taking to come.

The market has strong potential resistance at 1980-2005. Will it be strong enough to trigger a reversal? Maybe. It is the confluence of two 1.618 Fibonacci projections. If the market reaches that level this week, as it is close to doing, it will also coincide with a 0.75 Speed fan trend line . This stock has a history of being spikey. Watch out, it can fall through the floor very quickly.

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