Prom Resources Inc (PRMO)

[noahsplay]

April gold was higher overnight and poised to extend the rally off last week's low. Stochastics and the RSI are diverging but remain bullish signaling that sideways to higher prices are possible near-term. If April extends the aforementioned rally into uncharted territory, upside targets will be hard to project. Closes below the 10-day moving average crossing at 1419.80 would temper the near-term friendly outlook. First resistance is Thursday's high crossing at 1448.60. First support is the 10-day moving average crossing at 1419.80. Second support is last Tuesday's low crossing at 1380.70.