From morning call issued, we had seen Anchor Resources traded to a high of 0.112 before some profit taking and finally closing at 1.09 today....
Quite an impressive rally today indeed of more than 13%.....
Feels good to look at the chart drawn in the morning where it has not played out yet....
Can it touched the 0.120 resistance next week as mentioned?
Well, it remains to be seen.....
Those who were locked in would be good to protect profits.... J
Have a great weekend to all!
Check out below what was the call about this morning?
Recent Email:
Sent: Friday, January 13, 2017 9:42 AM
Subject: ********* Anchor Resources: A short term positive above 0.100, price 0.102
Subject: ********* Anchor Resources: A short term positive above 0.100, price 0.102
Anchor Resources has been trading below the 0.097 -0.098 resistance level for more than a month. This resistance was originally the support it broke down from in November and a move above can see more upside again and a potential reversal. Today we are seeing some actions with it attempting a breakout above. This level also coincides with the 100 day MA line where a move above convincingly can also signal a mid term reversal in progress. Target to 0.110 then 0.120 which was the high set since Aug last year.
For illustration purpose only
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