Anchor Resources: First quick target hit today, more upside next week? price 0.109

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....

And indeed it touched my first target.... 

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!

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Check out below what was the call about this morning?

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Recent Email:

Sent: Friday, January 13, 2017 9:42 AM
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

Anchor Resources: Have Cleared the 0.130 RESISTANCE AS mentioned just now !!!! Now at 0.134

Can the Bullishness continue again? We have indeed seen a move above the 0.130 psychological resistance….. let’s see if next target can be hit soon ? For those who managed to get in as per call, please protect profits.

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Congrats to one of my student and client who managed to took a ride up for a quick one... Closed at 0.138 day high today !!! Wow, Tomorrow will be exciting to watch :)

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Sent: Thursday, May 05, 2016 12:04 PM
Subject: ************** Anchor Resources: A breakout seen above 0.115.... may test 0.130 before more upside.... price 0.124

We have seen an impressive breakout above the 0.115 temp resistance today on more than 8 times above average volume. May start to see some actions as it attempts to cross above the key 0.130 resistance which was the previous high. Some profit taking there expected for now, but any move above with the specific price action we are looking at can see a new upward phase towards 0.140 then 0.150.