quick technical update With gold ($1475) continuing its recovery and testing its 61.8% Fibo retracement ($1487), Wesdome looks like forming a base in the mid fifties and positioning itself for a break of the long term downward trend. Today the 20MA at $55c falls together with short term downward resistance. A break of this level could easily catapult the stock to the $70c area. This Canadian gold producing company is buying back own shares and should provide additional support at these cheap levels.
Trappist