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El Capitan Precious Metals Inc ECPN

El Capitan Precious Metals, Inc. is a mining company. The Company is principally engaged in the mining of precious metals and other minerals. The Company, through its subsidiary, El Capitan, Ltd. holds the 100% equity interest in the El Capitan property located near Capitan, New Mexico. The El Capitan Property is situated in the Capitan Mountains, near the city of Capitan, in southwest New Mexico. The Company's El Capitan property consists of approximately 354 Bureau of Land Management (BLM) lode claims and four patented claims. The claim block is located in Lincoln County, New Mexico and occupies a total of approximately 3,000 acres. The tertiary intrusions from the Lincoln County porphyry belt include at least 11 stocks and laccoliths.


GREY:ECPN - Post by User

Post by david39on Apr 09, 2010 9:16am
406 Views
Post# 16973357

ECPN

ECPNECPN retraced over 61%, which is a significant Fibonacci level, of its initial rally. Volume has been low so this is just part of its pull back but would like to see the selling pressure start to weaken and a positive close. Again people want to see a reversal candle that makes a new higher high than the previous day…to confirm the entry.
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