Canadian Stocks

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DBV.v Doubleview Capital Corp. & Sheslay District (DBV, TSX-V) Update courtesy BMR...cheers...hsb

Doubleview Capital (DBV, TSX-V) roared to life yesterday, jumping a nickel to close at 23 cents – its highest level since mid-May…this wasn’t totally surprising given the improving technical posture of the stock as John showed in a chart Monday, plus the fact it doesn’t take a rocket scientist to figure out that a potential abundance of news from the Sheslay district – including drill results and news of more drilling – is likely just around the corner…all companies in the area have been holding their cards very close to their chests over the last few months – is someone about to lay down a Royal Flush, or does Prosper Gold Corp (PGX, TSX-V) have Four of a Kind at the Star Project?…

Alix Resources (AIX, TSX-V), the largest landholder of all in the Sheslay district, was the Venture’s most active stock yesterday (8.5 million shares, all exchanges) with a massive surge in volume near the end of the day…Ashburton Ventures (ABR, TSX-V), advancing the Hackett Property contiguous to DBV’s discovery, perked up as well…

The entire area has an excellent chance of heating up again in a dramatic way, especially once Prosper and Garibaldi Resources (GGI, TSX-V) – companies with heavy bats – start swinging for the fences…

The exciting thing about a discovery area is that it can easily run counter to the market, just like what occurred in late January/early February when the Venture fell 5% from the mid-980’s to 940 but Doubleview soared on its Hat discovery, a staking rush ensued and all the Sheslay players caught fire…

Below is an updated DBV chart…it’s interesting to note that the 200-day moving average (SMA), once it reversed to the upside in the spring of last year, has dictated the primary trend in this stock through a series of roller coaster rides over the last 17 months…the rising 300-day (not shown on this chart but currently at 14 cents) provided great support for DBV over the challenging last few months…DBV is off 2 pennies at 21 cents in early trading, just above what appears to be new chart support, not unexpected after yesterday’s strong push

http://www.bullmarketrun.com/?p=23881