$FAL Watching this one closely as potential VCP set up but worried about break in Gold yesterday.
3 Replies
Minnervini low cheat on a cup and handle. VCP in its own right with excellent volume confirmation.
Doug Winzar the field geo that runs the field operations is one of the best geologists I have ever met. Company backed by Gina Rhinehart (Hancock Prospecting) from memory. Geoscience Victoria says there is still 30Moz of gold to be found under cover in Murray basin sediments north of Ballarat and Bendigo gold mines.
But as my bio says, this is just noise!. Trade the process. VCP looks good. Theme still hot. Average Daily Range >6% so fast stock. Quallamaggie may even approve of this one.
FAL - looks to have broken down - no trade here now
AYA - small B wave break yesterday - maybe wait for a retest of the 20d MA as possible support - especially in a weak tape. One to watch?
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