Just a quick update tonight as there are quite a few other good looking shares out there at the moment, particularly amongst the gold miner sector.
For the second day running the price closed bang on the downtrend form the 260p high thereby continuing the uncertainty about the immediate future direction of the price.
I'll be looking for the 169p area to hold if there is a further retrace. If it doesn't (and particularly if 166p goes again) then it's likely that the bear case will take control. It did put on 33p in a week and nearly 50% since the 126p low so it's unsurprising that there's been some profit taking here.
For the second day running the price closed bang on the downtrend form the 260p high thereby continuing the uncertainty about the immediate future direction of the price.
I'll be looking for the 169p area to hold if there is a further retrace. If it doesn't (and particularly if 166p goes again) then it's likely that the bear case will take control. It did put on 33p in a week and nearly 50% since the 126p low so it's unsurprising that there's been some profit taking here.