Recall I was looking for a cessation of the a-b-c correction at the 38/50 Fibs. However, despite a bullish Havieron MRE (Mineral Resource Estimate) it has dropped lwr. I have adjusted the 'Broadening' Plots lwr-line and added the count for the c-wave.
Having overthrown that 'Broadenings' Lwr-Line which I mentioned would be a possibility it has now brought price within the 50/62 Fibs. Resulting in it positioned upon several key/Ma's on varying timeframes along with a potential completed wave-count give or take a few points.
If indeed we do have an Overthrow of the 'Broadening' Plot we should see an imminent reversal, which I would expect to pulse vigorously upwards as it being the start of Wave- (3)??
The open short position has the share price well and truly bogged down. I am personally not too concerned, as they in my view are in a stuck position without any horror news to sell into, a rising Gold price and the possibility of news at any point to propel the price higher. For the moment, they have the floor. Quieter trading week next week could see further downward pressure as traders log off for the Christmas period. Interesting times ahead, 2024 is going to be transformational for the company, more than happy sat on a decent long position from 2019. Keep up the good work Sahara, always follow you closely on X. Merry Christmas.
SaharasCharts
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@Korchoi, - Shorters have ruined many a good company on AIM Korchoi. Unfortunately there isn't a great deal we can do about brokers lending out our shares apart from taking custody of the certificates if we can though which is impossible in Sipps and Isas.
Yet they don't always win and can cause dramatic rises in those companies that squeeze them out.