Member Info for eldorado5

I am a keen Gold and Silver trader and I'm used to big rises and falls in these volatile markets and mining shares will be no different. I look at all timeframes but mainly rely on weekly. Due to the fantastic, rapid rise of OMI over a short period I have looked more at the daily.

I've been in and out of Orosur for over 10 years now and have a nice wedge from 5p, 7p and 11p, although took out my original capital earlier today. Fundamentally, there's not a lot to dislike about this share and I'm excited about its future, so will let the profit run with no further sales.

However, I'm also a pragmatist and have learned to conquer my emotions of fear and greed and find technical indicators a support to identify human behaviour and when people are likely to buy and sell. The indicators are telling me that once the price rose to and quickly rejected 45p, using a fibonacci retracement tool, the price would retreat to at least 35p (23.6%), with 30p (38.2%) and 25p (50%) as further levels of support. The RSI was definitely over-bought and not embedded and the price was outside the upper bollinger bands for 5 days and generally returns to within the bands soon after this

Orosur has risen rapidly, so I wouldn't place too much reliance on these short term indicators and I appreciate they are not everyone's cup of tea. They do however, in my view help to measure people's investing psychology and gives me reasonable buying and selling points

Very sensible StarBright. I've done the same - taken out my initial capital and letting the rest ride. It means I can sleep comfortably at night. Read 'Nobody knows anything' by Robert Moriarty, who's timing on Gold and Silver investing is excellent and practical and urges people to be contrarian and not to be sheep.

I'm surprised the share price hasn't responded upwards even more bearing in mind these good results. It is certainly one of the quieter shares on bulletin boards so I guess the masses are not aware of it yet. EK has had these as a buy for as long as I can remember and is expecting £1

This should start to be re-rated in the couple of days and onwards after the results are out next week