Technicals1 Dec 2020 17:59
Share price broke out from tight bollinger in July.
.75 - intraday high of 2.6p
MACD was 0
RSI - Slightly below 40
50 , 100 , 200 SMA left behind
3.5 bagger
6 trading days ago the lower bollinger band acted as support at 1.75p , in fairness to Gino he did mention it.
MACD - .05
RSI - Slightly below 40
Based on history we are looking at 7p technical target if we break the upper bollinger on volume.
4 days ago a dragonfly doji appeared on the chart and the share price has risen to close today just below the upper bollinger band and 50 , 100 left behind.
Classic 4.5 month consolidation with the share price stuck in a range between 1.78 - 2.35
Classic MACD Breakout
New of JV with Newmont who own boardering licences would send the RSI into the power zone above 70 and break 10p on a great deal.
Newmont are looking for the sweet spot which is the Dimock Shale when is 7km long on our ground and ECR are doing a deal having spent time on only 300M of it.