Empire Metals - EEE

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...JiMy+qQZwJeSckhmim4=

Well Ademcg was absolutely right to be looking to get out near the top.
When the drop did come it was brutal....fast and sharp.

As things stand now....30p held perfctly, a added some just above a that.
This should by all intents and purposes be back on course to make higher highs again.

Next target is to clear the 50 day ema line at around 40p, above that opens up a run to 50p

lets see.

atb, wdik, dyor,
trendfriend

The more i look at this the more i'm thinking this has done phase one of the Lassonde curve.

In which the next rally should be the real deal!!
we have effectively completed phase one of the Lassonde curve. As the project is moving to the feasibilty stage and it comes with the expected bug rally....then the nasty rug pull.

You can find more info here..
miningexplained.com/the-lassonde-curve/

Have a fab weekend all...whatever you getting upto!

atb
trendfriend

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...fAauPhgXphDlaEDM5GI=

Retested the key 50p level. Bounced back well to leave a nice hammer type of candle.

atb
trendfriend

Painful dips...but that rsi level of 50 is still intact and bouncing off there nicely.
main rising trendline also is still good.

atb,
trendfriend.

Hey TF, a quick reply on this one...I didn't sell at the highs, (I know I am stupid) and the dips have turned into violent troughs, but i think this is way oversold now and with the 29.7p gap kinda filled I hope it bounces soon.

Failing this I have the following points,
Weekly 50 MA 27.4p
Daily 200 MA 25.0p (ish)

If these fail to hold then I am out with my money !!

I also stuck to my convictions, as Remo would say, only purchase on support.
So, rightly or wrongly (depends on how my charting skills actually are and the ability for me to correctly ID supports) I put my money where my brain and mouth were and purchased more at:

Added at 30p (missed the actual target of 29.7p e.g. the previous gap)

Added 27.7p (weekly 50MA)

And then the thing turned, higher highs and higher lows on smaller timeframes and even turned blue EOD

It touched the 200d MA too (26.1p) so it looks like that was a shorting target and its turned.
I guess forming a hammmer on the chart (will have to wait for ProRealtime to update to check)

Fingers crossed