is testing resistance... where there was a lot of buyers that got hit with a massive dump by Cannacord
at .32 cents back a bit... they beat it down to .10 cents and then let if go.
In spite of that manipulation potential... technically it looks strong enough to make it to .45 cents plus if this .32 cent level is broken... I'm in position at .30 cents... Level II is supportive.. even with the dumping we saw Tuesday and Wednesday, indicators for upside support didn't respond to the bearish candles... the candle still hovers just under the Upper bollinger which is a characteristic of rising price... the previous two days were piercing which was a signal of significant back fill, however today saw relief and potential for the indicators that are supporting a continuation, are right.
I saw Can Alaska make it to .80 cents plus on the same type of charting... minus the uranium.
It helps to have 44 M lbs in one spot uranium open pit potential, and be priced under .30 cents.
It takes 40 million pounds by some speculators standards to have mine potential for longer term I have heard.
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