DDD; developing Haiti based gold projects has consistent news flow expected as they begin to develop their gold projects. The Gold sector in general has been performing well recently
From a technical perspective the chart indicates that the previous move from 0.7c to 1.5c has consolidated after testing the 0.5 fib setting a base for the next move. The volume has dried up indicating that buyers/sellers are unwilling to exchange in this range for much longer. First target based on the return to trend is 1.5c (+36%) with the second target being the 1.618 extension which conveniently fits at the psychological barrier at 2.0c (+82%)
From a technical perspective the chart indicates that the previous move from 0.7c to 1.5c has consolidated after testing the 0.5 fib setting a base for the next move. The volume has dried up indicating that buyers/sellers are unwilling to exchange in this range for much longer. First target based on the return to trend is 1.5c (+36%) with the second target being the 1.618 extension which conveniently fits at the psychological barrier at 2.0c (+82%)
Yorum:
Position expanded, further tightening in range with near term positive news flagged by company