Focus Gold Corp. (fka FGLD)

[AAAtrades]

I think FGLD is primed for a technical bounce to .20 at a minimum based on technicals alone. Then if news follows or some fundamental developments bode well then it could zoom to .50 cents +

But the technicals look quite good now IMO.

* 4 month cycle similar to two previous peaks, the recent cycle completed around May 25 2013.. so we are way overdue for an upsurge bounce.

* DAILY MACD in a bullish divergence between price and also about to cross above the zero line/ This same bullish divergence existed on the previous run from .022 to $1.00

* Possible 2B buy signal on a price move ABOVE .022

* large swing trading range between .80 cents and .02, now we are at the bottom of the range. Sellers so far have failed to continue downward momentum recently. this can only mean one thing, the price will try to reverse and take out the topside above .022

* monthly candlestick chart shows a bullish reversal hammer candle which bodes very well for month of JUNE.