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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Comment by arielplson Aug 22, 2014 7:19am
205 Views
Post# 22868008

RE:RE:RE:RE:RE:Good close confirming support at this level.

RE:RE:RE:RE:RE:Good close confirming support at this level.
birch1 wrote:
Forgot to mention that the company is in a different situation now then it was back in Feb and March, so the uplift might level out on the high for a month or so once it reaches it, rather than spike ad drop.  That's the good news about what they did.  All the best.


If you look at the Weekly chart (because if we play in the medium term, he is our reference), he began his rise in the bearish channel. The signal of the rise will be given by the Break-out of STO (14.3). If the MACD again towards the top, we have a huge divergence with the price and it will be a very strong siganl of a possibility of reversal. 
 
I'm not often detailing my technical analysis on Stockhouse, but I'm doing a special for BAA. ;-)

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