Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.

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Candelaria Mining Corp

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Post by viper94on May 12, 2011 1:20pm

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Post# 18566977

Support and Resistance Levels


Support and resistance levels represent prices where there has been exhaustive supply or demand, which can influence the price if it approaches this level again. Support acts like a floor: a price where investors tend to see good value, and heavy buying action keeps the price propped up above this level. Some traders buy around support if they think it will hold. Others place stops just below support, since a penetration suggests bearishness. Conversely, resistance acts like a ceiling: a price where investors tend to take profits and the selling action holds the price below this level. Some investors take profits near resistance if they think it will hold. Others place stops just above resistance, since a penetration suggests bullishness.

Support and resistance levels represent prices where there has been exhaustive supply or demand, which can influence the price if it approaches this level again. Support acts like a floor: a price where investors tend to see good value, and heavy buying action keeps the price propped up above this level. Some traders buy around support if they think it will hold. Others place stops just below support, since a penetration suggests bearishness. Conversely, resistance acts like a ceiling: a price where investors tend to take profits and the selling action holds the price below this level. Some investors take profits near resistance if they think it will hold. Others place stops just above resistance, since a penetration suggests bullishness.

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