High River Gold Mines Ltd HRIVF

RE: Closes at low of the day

[Loopae]

I don't like the engulfing candle that formed today either, but regardless of the close today, as long as this continues to stay above the 71-72 cent range I think HRG is heading to new highs.  If it maintains that level, given the break out with huge volume that just occurred this breakout chart patterrn has really good odds of producing some nice returns, regardless of someone's opinion of the company's operations. The volume and price action indicate a major change in perceptions of the company gonig forward. Just look at the beginning of Dec 09 for another price/volume move to demonstrate what potential might await us. Break 71 ish area and all of the above = sell