Fresnilo

This is currently at the 50%fib and the short term trend line and gap support all roughly at the same level. Give and take a few points.
Worth a long with a tight stop.


dyor

Theres a gap support and minor trend line near by.The gaps at 1638 and the minor trend line is at 1648.
If they go then it could head down to 1506 main trend line or the 61.8 fib.
The RSI is diverging currently.




dyor

Anyone has any thoughts about Fresnilo?

This is now hovering around the 50% fib of the recent rise.....

dl.dropbox.com/u/4385922/fres.png

I want to get this at possibly at the bottom of the range @ 12 but there is the trendline, 61.8% fib disturbing my grand plans:)