A clear trendline break occurred today on decent volume, it was on the back of a good announcement - commencement of Commercial Production. Looking to test the red trendline in the coming days.
MC is very low for a Gold producer that has become cashflow pos.
Nice breakout of downtrend by 3DP recently, clear backtest and bounce off the blue line. Volume is exceptional. A clear uptrend channel is also forming. Improving fundamentals could see this trend continue for a while.
DTZ may be close to a reversal and could be targeting the down trend line which would provide a target of about 18-20c short term. Volume recently has been encouraging and fundamentals have been improving with several new deal announced which equate to revenue.
One to keep an eye on.
EAR broke out of a downtrend line last week, volume picked up over that period and news yesterday saw a gap up on a resource upgrade. Expect is to consolidate at this level, change in FA should be the catalyst for a grind upward. Gap fill? Maybe a breakaway gap given the significance of the news.
JV currently following a nice trend, broke out a few days ago but retreated back into the channel. Expect it to move sideways for a couple more days before moving into the 17-19c range. Good hold with decent FA to back it, has a tight register.