Amur Minerals is still finding 9p resistance tough to break but it has closed above the RSI downtrend resistance on Friday and looks to be in either an ascending triangle or inverse head and shoulders pattern.If it can close above 9p both of these patterns point towards a target of c. 13.5p. A return to the 6.75p support would be bearish though and indicate further downside as it would break the inverse H&S pattern.AMC daily 13/05/13
Amur Minerals is still finding 9p resistance tough to break but it has closed above the RSI downtrend resistance on Friday and looks to be in either an ascending triangle or inverse head and shoulders pattern.If it can close above 9p both of these patterns point towards a target of c. 13.5p. A return to the 6.75p support would be bearish though and indicate further downside as it would break the inverse H&S pattern.