since the autumn things have started to look up, both on a fundamental and technical basis. Paying off the Yorkville debt in September will have helped sentiment. Since then the bullet points include planned activities in the Victorian Gold Projects, as well as an update on the Dangley Gold Project in the Philippines.
What can be seen in terms of the near-term price action is the way the 50 day moving average at 0.79p has been recovered to start 2017. This 50 day line recovery is a classic sign of a lasting turnaround.
It building up power for a move, I think it will breakout soon as consolidation is getting smaller.. Interesting times. Bought myself some over past couple of days off 60 min price bars, looking at a daily chart for the larger pattern
Outside bar with heavy volume on the 15, followed by and inside bar with a 3rd of that volume.. high of today is now my buy in point.. still looks nice, consolidated since the 25th in that pattern and this is just building up strength..
Some of you won't have been around long enough to realise this but ECR used to trade at more than 100p back in 2009-2010. Before factoring in this huge consolidation which I had predicted back in 2015 as they issued billions of shares to cover slim overheads and limited field work. Timeless and co were ramping this up about that time and moved onto MTR which has since collapsed from the bubble territory it reached.
Needless to say I've watched this many times before, keep well away. All value has and will continue to be 'scuppered' away and any spikes will be short lived.
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