RE:RE:Bullish Candles formation: HOMING PIGEON & MATCHING LOWHard to know when real recovery happens, but we know that it will happen soon.
Today is the final Yellen FOMC rate hike and usually gold goes up thereafter close to EOY.
The good thing is that lots of shares gets bought at least on the bid, but also while moving sideways until it steps down a little more.
Market didn't care for hitting the ask in a manner of moving it up.
How to play it until it moves up?
Yesterday I re-bought my FOMO shares and will accumulate.
RSI on TSX 14.03, truly is in the range of a TA bounce.
So what I read:
1) Important class action has been thrown out
2) Red Kite deal to even cover other projects and not just the debt pushback in 1Q18
this is even more of a big positive, since commitment will support growth.
3) Price is scatching at all time lows where they weren't even commercial yet
4) Price is at just 22% of NAV or tangible book value
5) Company will also re-state production status in January