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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Semafo Inc.
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Post by nijinsky70on Aug 19, 2010 8:13pm
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Post# 17367483

Technical info.

Technical info.Does anyone know the bottomline support and resistance level of SMF's SP?

SMF's SP has been climbing quietly from the July 27 close of $6.90 to today's (8/19) close of $8.84.  By quietly I meant without a lot of daily trade volumes, other than today's 2 million plus shares traded.  I just want to see the opinion on this Board on whether this upward trend will hit the resistance level soon, or we have broken through already and is now starting a big upward run. 

Love to hear everyone's view on this.

Thanks.
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Dealroom for high-potential pre-IPO opportunities