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JNR Resources Inc JNRRF



GREY:JNRRF - Post by User

Bullboard Posts
Comment by BlindBoyon Apr 14, 2004 12:08pm
225 Views
Post# 7353833

RE: Holding Up Well

RE: Holding Up Wellwill history repeat? we'll find out . . . One thing I've noticed on Lundin stocks, is that the MMs like to "tease" the market with "tentative breaks" of TA supports. It did so in January with the 60 day MA just prior to it's consolidation breakout (where it more than tripled); it's teasing the MA again, as we speak. https://stockcharts.com/def/servlet/SC.web?c=JNN.V,uu[m,a]daclyyay[dc][pb30!b60][vc60][iLa12,26,9]&pref=G Certainly the current overall weakness in the junior resource stocks doesn't help, either, but this is just a "breather" in the resource markets, imo. I remember reading an article a couple of weeks ago by Jim Sinclair when gold was over US$420 . He was calling for a continuation in the gold market which would run upwards of US$480, after it tested US$390 +/- again. He was looking forward to a pullback in gold as a bullish sign in the continuance of the gold bull market. Lo and behold, we've now got a pullback approaching the levels he was looking for.
Bullboard Posts