On the 4 hour chart on the TSX, the September 29 swing low was at 28 cents on volume of 87,500 shares. That low was retested this morning with a low of 29 cents on much lighter volume of 14,500 shares.
On the OTC in the United States, ORVMF had a September 29 swing low at .219 USD on volume of 30,000 shares. This morning we tested that level with a low at 22 cents on extremely light volume of 1,960 shares.
THERE ARE NO SELLERS--SO Orvana is headed higher from here.
Plus management has 4 news releases planned between now and the end of the year.
- NI 43-101 PEA update on Taguas
- NI 43-101 Don Mario TRP Resource Update
- Orovalle Annual Resource Update with revised mine plan
- Don Mario Exploration Update.
Each one of these NRs should be bullish and move the stock price higher.
ganndolph