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Key reversal on Friday, April 7, 2017

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jb1965   Sunday, 04/09/17 04:56:15 PM
Re: None
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Key reversal on Friday, April 7, 2017

Friday's low of C$0.35 on the Canadian side was made on a day with a bullish dragonfly doji candlestick indicating that traders realize that the price was sold down to unjustifiably low levels so they bid up the price and send it back up to where the stock opened, suggesting that demand is again starting to outweigh supply.

The price has gone sideways to down since early February when the C$0.50/sh PP was announced, but the financing is expected to close shortly and production star is expected at any time from the company which should be a very positive catalyst for the shares.

Look for this one to move up in the coming weeks from current levels.

JB

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