Charts are hinting at this possibility. Closing near it's daily high today might be the springboard for this to happen tomorrow. London will be back trading, EU sits down and maybe traders will take them more seriously this time. Maybe. Aunff went higher than I thought it would today, I was looking for .975 at most, and on double the average volume (cool!). The stock still needs to break the roller coaster trading that's been happening since it's high of 1.15..IF..the metals continue upward here, I don't see why not. Shafter is now producing, and will be pulling out more and more as we go now. That's a change from just having La Negra's. Believe me, I'm not being pessimistic here. Also, beyond the 1.00 level, trading changes naturally. Becomes more liquid, fluent, and the spread closer with increased volume. Harder for short hedgers to manipulate. They will tend to stay long longer, go with the flow, and not disrupt the chart formations as much..thou in today's world nothing is sacred, they'd sell their sister if they thought they could get a few points, right? Note I said "as much" lol GL JMO
Good post surf and right on the money, or silver.lol. On top of everything you said, if the markets can get just a whiff of something positive from Europe it will help all stocks as well. Would love to see it surpass Endeavor pps in 12/15 months, then Pan American. The mines, product and management team are in place to make it happen.
AUNFF chart= 3rd 1.00+ attempt in 3 mths/ 4th in 15 mths.
Tight upward channel base= 80%+ chance of strong daily moves ahead, anywhere betwixt .10-.20c pps that could happen in one day possibly- 2-3 days usually. Today's VOL backs this up, str8 up money supply inflow line, RSI in sweet spot under O/Bot, and record accumulation line. Buyers are flocking in!
JMO, resistance was .95-.975c pps..could blow up thru past highs quickly, either right now or after a 1-3 dy small correction anywer along this way.
YTD consecutive up days rally in a row: Feb= 4 then 5 dys, Apr= 7 dys, May-Jun= 8 then 4 dys (currently within). * a 10-12 dy consec. run is 'usually' the extreme maximum, not rare.
The large cup n' handle has been negated. Instead, looking at the chart from Jly 2011 til now (remove Oct's low & Mar's high)..you will see a wide arching upward channel of higher highs & higher lows, more laterally within the last few mths. This (IMO) correlates to Shafter's ahead of scheduled opening. I believe the radar has picked up this stock, could be the LAST time it's under a buck, which is rediculously fundamentally low.
Most all this is tech. chart & MOMO possibilties/speculation, within a/the BULL move, regarding AUNFF for the most part. JMOO GL