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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Polar Star Mining Corporation POSRF

Metals & Mining Industrial Metals & Minerals


GREY:POSRF - Post by User

Polar Star Mining Corporation > Reversal?
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Comment by shiva1968on Feb 17, 2011 4:19pm
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Post# 18152870

RE: Reversal?

RE: Reversal?The signs are there that the downtrend could have finally exhausted itself. A nice bull hammer appears on the charts today and the volume was sufficient enough to mark a reversal here. Also, we are already significantly oversold according to the RSI/MACD so I think/hope we just saw the bottom today. I also think we saw a lot of panic selling which took the SP much lower than it should have gone. We still may see a little weakness yet to come but at least a nice bounce is in order. 

~Shiva
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