Artemis Resources Ltd ARTTF

Technical indicators

[arh0070]

Stockhouse is user friendly for doing technical analysis on its listed stocks .Artemis has only been trading in North America for about 4-5 months .RSI is now close to oversold ,Macd is also looking close to a buy . I personally dont have the ability to do longer term technicals when it was trading just in Australia .It isn’t rocket science that for a Western Australia small mining stock that more information would be available on an Aussie based website such as hot copper .Some people who post on artemis ,de grey and other stocks have xperience in the pilbara mining, trucking etc so once in a while apparently useful information comes out .A lot of discussion right now is about Kaiser’s segment on novo,artemis ,de grey etc .
I have followed Kaiser for a long time ,even subscribed to his bottom fishing report .He is I think one of the better small miner analysts but he is by no means foolproof and he can loose you money like all the rest of the gold analysts some of whome are paid boosters of various small mining companies .They are almost allways bullish ,rarely do you have one that is bearish so you have to read thier comments with a pinch of salt .
No matter what the booster club says its pretty obvious the pilbara is going to turn into a conventional gold play where it takes months to years to discover what is there or not .The inital euphoria “gold fever”where the pilbara was going to be lined with gold have gone ,the early investors have made the big money when artemis was 2 cents a share ,Now its going to take a while to properly explore and analyze what is there .A lot of people are blaming Quentin Hennigh ,that is shoot the messenger syndrome .Quite a lot of people on hot copper who seem to be knowledgeable about the pilbara seem to like De Grey better than artemis .Time will tell which is better .