SUNDANCE RESOURCES...
originally published January 21st, 2007
Sundance appears to be on the point of breaking out of a giant base formation to begin a major bull market advance.
On the long-term chart going back to the early-mid 90’s we can see how, after a severe decline during the late 90’s, a very large Pan base has developed at a low level from mid-2000. It only started to advance out of this early last year, and although it doesn’t look like much of an advance on this chart, it actually more than trebled. The advance was accompanied by a big increase in turnover, which is bullish, that died back as the advance stopped and the price moved sideways in what is viewed as a consolidation pattern that constitutes a “Handle” to complement the Pan base, the 2 features making up what is known as a Pan & Handle base, which is a particularly auspicious pattern.
geht ab wie "Schmitz Katze"
..die Chinesen sind ja auch fleissig, wie im Ameisenstaat!...immer her mit dem Baumaterial, bei der schlechten Infrastruktur kein Wunder!
bei A$ 0,50 wohl erstmal eine schöne Hürde zu knacken!