main Zinc Resistance at AB=CD -RD Weekly Trend Line
Broke support, below the 2011 low now... Possible rebound between 117.45 and 104.56. Beyond that we have the next abvious support at the 2008-2009 level...
JLP has seen regular bounces from this very level and has so far traded within a habitual range. This level is the bottom of that very range, with signs of support yesterday and today's session so far.
This stock already had a pricey valuation on the run up after IPO. Following its year high it's been a slippery slope with little or no support and no below the IPO price.
Next stage of this formation requires completion. Major news flow due any moment relating to large scale financing package, leading to monetisation of DFS.
Indicators suggest over sold with support from 200MA. News flow due shortly relating to licence conversions/extensions on Jelai gold asset and Beutong copper asset which could buck a change in the over all trend. BK copper asset drilling updates also expected. Very tightly held stock and moves very fast when volume arrives. Good long term play for those wishing to...
RBSL should not break below 149.55 or 99.7 comes into play with possible bounce at 139.58 119.64.
Description of Chart : So the first two orange lines were a from a play back in May that worked absolutely perfectly. We have now broken the blue trend line which was showing as resistance. I am looking for a touch of 292.66 which coincides with previous resistance. On the daily chart the 50MA is about to break above the 200MA Website : www.lukelehepuu.com Take...
Monthly Support Bottom of the Weekly BB (10)