Au & FVL
- Au is is right now ( 10:46 pm Vancouver time ) treading right around it's 20 MA OF 1939...If it can hold this level, more or less, for the next 4 weeks, it will serve as a great base for the next move up. If it breaks down below 1900 and closes below that level, we may see it test 1840-1850 before any consolidation and possible resumption of upward trend
- FVL has traded at, below & closed lower than it's 20 MA of 1.66 over the last couple sessions...This is a great play and I guess yesterday & today were a conbo of factors - ex: Au price drop, a number of stops being taking out, along with panic selling. It's also worth noting that if it doesn't start trading up & close this week at 1.66 or above, we may see it trend down to it's 50 day MA of 1.22
BTW: It will be interesting to see if Sprott mentions this stock on Friday
GLTAL ! :)