Sandstorm Metals & Energy Ltd STTYF

RE: RE: Weak

[HonestAbe]

The 48 cent level held and it appears today to have broken out of what was a consolidating triangle that got created from the Nov 1st high of 60 cents and the sell off to the low of 45 cents.  In fact this stock today is exhibiting enormous buying strength up nearly double digit gains on high volume while most other miners and explorers are solidly in the red.  Huh?!!

 

Why that is I do not know.  Only that this pattern is eerily similar to what occurred in mid to late-Oct and on Oct 23 after a low of about 45 cents and nearly two weeks of consolidating from 51 cents, it then proceeded to run up every day for the next week up to 60 cents.  If this pattern were to repeat then by end of this week/month maybe we see newer highs of 65+ cents?

 

Maybe those heavily underwater warrants might still have a third life after all ... we'll see.