Santacruz Silver Mining Ltd V.SCZ

Price

[greendayyyy]

I really admit I was wrong about my announcement of a drop to around 0.15. SCZ had been undergoing a good correction for a few weeks and nothing indicated this change in trend so quickly. Are investors starting to see the great future potential of this company. I'm looking forward to the next results that might surprise us. If silver starts to rise around $30 and the price of zinc improves we should do well for sure.

 

 

[tarnoir]

Technically speaking, SP had 12 confirmations of support at $.30 and like textbook, bounced off of the that in thIS last correction. Also, beautiful double bottom at $0.30. It's sometime amazing in hindsight how TA works. Now, if it had closed below $0.30 a couple of weeks ago, then, yeah, I agree, would have had little to no support till much lower prices. Volume on this recent move has been

[MRG_WPG]

The question is does this momentum continue Monday and Tuesday or is there a correction ?  I suppose a correction at some point but maybe not early next week - comments ?

[tarnoir]

I would suggest quite likely on Monday give the spike, but guess never know. All depends on how Ag responds IMO. I think would be healthy in any case and would suggest buying more on the pullback. Whenever an SP goes parabolic like this, don't what to get too far too fast because then could fall back dramatically.