Aurcana Silver Corp V.AUN.H

Technically speaking.

[JonEcash]

Lately I haven't put as much into TA regarding this stock since the volumes haven't warranted it. (As Nosleep said, charts can easily be affected by a large buy/sell when there aren't many trades). However, we have had 3 straight trading sessions of above average volume on this one. So I'm going to throw out my 2 pennies regarding TA: Looking at the daily chart, with today's close we are pretty much banging into the downtrend line that began on November 19, 2007. If over the next couple sessions we close and hold above 72 cents with continued volume then we will be in a short-term BREAKOUT with the next targeted downtrend line being at 85 cents. We will probably need to consolidate for a bit before testing that price since the 50DMA and upper BB will be initial points of resistance. I'm thinking tomorrow should be another green day since the CDNX is in an uptrend towards resistance at 2850. After that, who knows, as the weekly CDNX chart is pretty indecisive right now..... Congrats to anyone smart enough to grab cheapies the past couple weeks -hold em tight! J$