This consolidation period doesn't look as nice as the previous one. We've had our three bounces off the .11 area and the news wasn't encouraging enough to sustain it, or at least it looks that way at the moment. Usually on a third bounce, you either break below or break above. I cannot tell right now where we stand until our trading channel settles, hopefully not single digits.
Right now, from a charting perspective, it's not looking good. We need updates from Rusty Ridge drilling program or anything to spark imminent anticipation. Optimism is for the long term here with a bleak short term pps forcast. Hang tight its going to be a bumpy ride before the light at the end of the tunnel.
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