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Dynacor Group Inc T.DNG

Alternate Symbol(s):  DNGDF

Dynacor Group Inc. is a Canada-based industrial gold ore processor. The Company is engaged in gold production through the processing of ore purchased from the artisanal and small-scale mining (ASM) industry. The Company also owns the rights on several mining properties which are at the exploration stage, including its flagship exploration gold, copper, and silver prospect, the Tumipampa property (Tumipampa). Tumipampa is located approximately 500 kilometers (km) from Lima, Peru, in the Circa district, Province of Abancay, Department of Apurimac. Tumipampa's concessions cover an area of approximately 4,000 hectares and are located geographically on the eastern slopes of the Andes Mountain Range between 4,200 and 4,800 meters above sea level. The Company's produces environmentally responsible gold through its PX IMPACT gold program. Its Veta Dorada plant is gold mineral processing plant in Peru. The Company's Anta property is a copper/silver exploration prospect.


TSX:DNG - Post by User

Bullboard Posts
Comment by peegoon Jan 21, 2014 3:11pm
266 Views
Post# 22117077

RE:RE:RE:Long Term Chart

RE:RE:RE:Long Term ChartHere's my weekly TF DNG chart.  https://www.tradingview.com/x/4k3C4MqV/

I think we likely hit a top today, will have to see where we close, but my guess is < 2.13. Daily high was 2.20. I sold a very small portion of my shares today @2.17, will use those funds to buy back on a retrace, which I expect to happen over the next few weeks/months.

The chart also has my EW count. The flag pattern worked out perfectly - see the 2 bright purple arrows and the light color shaded flag. arrow 1 = arrow 2, and we hit the exact PT at 2.20 today. Pretty amazing.

That top at 2.20 also happens to be the expected top end of wave 5 up. If you look at the thin light blue lines marking a parallel channel, it also touched the exact top of that upper channel(where 2nd purple arrow ends). So I'm fairly confident that we hit a ST top today. 

My guess is that we're in for a wave (4) side ways correction - again, so that should take up quite a bit of time. It shouldn't retrace below 1.64, otherwise, the count will have to be altered. Perhaps a 38.2 retrace to 1.70ish? But it's certainly possible to go lower, if so, other targets would be 1.54 @ 50fib and then 1.39 at 61.8fib. Those also happen to be good S/R areas as well. but 1 step at a time, so we'll see what comes up next.

Maybe we'll get some insane dig hole results on the manto, and off we go. =) 
Bullboard Posts