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Bullboard - Stock Discussion Forum BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."

TSX:BAA - Post Discussion

BANRO CORP. > Many scenarios
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Post by arielpls on Aug 20, 2014 9:07am

Many scenarios

The inverted hammer (technical analysis) gives the signal for the end of the downtrend. That does not mean he will leave at 0.40 in 2-3 days. 
 
Several scenarios. 
 
1 it will open stronger with many buyers. 
2 it will open at 0.25 slowly before increasing the pace and finish around 0.30 (which is a resistance). 
3 it can enter a channel 0.25-0.30 for several sessions before it go up, because the sellers have less strength. 
4 (the one I suspect) it can enter a channel 0.25-0.30 for several sessions before heading down to go to close the gap to 0.20. At that time, sellers are exhausted and the true start up (this will be a double bottom). 
Comment by Prof_JD on Aug 20, 2014 9:51am
arielman, they practically wiped out their debt... this thing has been doing one thing all ytear... SELL SELL>.. now its time for it to pick up a little trend just before the seasonally HOT uptrend for most gold stocks and commodities in the autumn could break 30 today at this pace and volume jd the prof
Comment by knowsnothing on Aug 20, 2014 10:17am
The company has disappointed before, now things look better. The only problem is, the market doesn't like disappointment and would like to confirm their targets, cash cost...etc. bought at the close yesterday and sold at 27 cents    Btw, if ur looking for a quick cash, MFM might be the answer, good news today
Comment by arielpls on Aug 20, 2014 10:25am
... and that's why the fourth scenario is my target...
Comment by Prof_JD on Aug 20, 2014 11:16am
arielman, not for anything but the ONLY GAP i see closing today is the stuff in between the ears of the person who entionned bottom 20 :) jd the prof-
Comment by arielpls on Aug 20, 2014 1:16pm
That's what I want.
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