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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Post by AngelEyes3on Jul 05, 2011 12:10pm
345 Views
Post# 18796715

technicals

technicalsI was just looking at the chart and we were hitting the high end of the bollenger band range a few days ago when the shares hit 34 cents. The stock has had several moves over the last month that moved the shares from the 30 cent range to the low 20's. It looks as if we are once again in this corrective wave. The key here is where will it bottom out at or will it take off again. It looks exhausted at the moment but anything can happen here. I would not be all that supprized to see it bottom in the mid 20 cent range for a moment or two before it takes off into the 30 in the near future. Well that is my opinion and I still feel it has good prospects going forward. Time will tell.
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