Afri-Can Marine Minerals Corporation V.AFA

Interesting Chart

[Trend_T_Trader]

AFA bottomed around 6c in 2005, 2008 and 2010.  Since then it has broken a 1-year downtrend and is now trading above its 200-day moving average. 

That's normally extremely bullish, from a technical perspective.  Red flags are that it completely missed the mania in resource penny stocks late last year, and precious metals and stock markets are likely putting in major tops. 

Worth keeping an eye on.

[Jonnytest]

Dear Trend_T_Trader,About you red flag, you must take into consideration the fact that Afri-Can activities are mostly focused in the Diamond sector, sector that does not really move in tandem with resource mania...But in that regards, the shortages in the diamond sector is bigger then investors can realized and the bull run in the diamond sector is just starting, with no significant production in