Empire Metals - EEE

Painful dips...but that rsi level of 50 is still intact and bouncing off there nicely.
main rising trendline also is still good.

atb,
trendfriend.

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...fAauPhgXphDlaEDM5GI=

Retested the key 50p level. Bounced back well to leave a nice hammer type of candle.

atb
trendfriend

The more i look at this the more i'm thinking this has done phase one of the Lassonde curve.

In which the next rally should be the real deal!!
we have effectively completed phase one of the Lassonde curve. As the project is moving to the feasibilty stage and it comes with the expected bug rally....then the nasty rug pull.

You can find more info here..
miningexplained.com/the-lassonde-curve/

Have a fab weekend all...whatever you getting upto!

atb
trendfriend

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...JiMy+qQZwJeSckhmim4=

Well Ademcg was absolutely right to be looking to get out near the top.
When the drop did come it was brutal....fast and sharp.

As things stand now....30p held perfctly, a added some just above a that.
This should by all intents and purposes be back on course to make higher highs again.

Next target is to clear the 50 day ema line at around 40p, above that opens up a run to 50p

lets see.

atb, wdik, dyor,
trendfriend

Yes, thank you for the heads up - I did!! WOW!!!!

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...SVprGSreMsMKsKO9Nio=

Might seem like panic selling and a bit of a horror show dropping from mid 80's to mid 60's in minutes!
Actually is a good pull back imho.
As long we hold above the mid 50's (55-60p area i think is key)....bulls still in control imvho..

That MRE is the key here imvho...the sellers don't want to miss that event so should see buying coming in soon i think.

atb, wdik, dyor,
trendfriend