Healthy "back-filling" - commonplace after a quick runup. Look at the chart for UKH on canada-stockwatch - you'll see a runup in the stock price, a quick dash to 0.98, followed by a pullback, but only to the uptrending base line.
I think we should see a resumption of the uptrend after a bit more consolidation around this price range. One member of our group sees C$1.50 by the month's end. Two things will drive this stock: the price of silver, and how close investors perceive the day of resumption of production by their mines.
My thinking is the worst is behind Keno - now, it's a matter of final financial arrangements to re-open the mines. When that day is noted, by announcement or leaked rumour, the stock will jump up quickly.
One safe way to get aboard just as this happens, is to place a "stop-buy" order, somewhat above the current price, say, at C$1.05. If the stock JUMPS quickly - say by a dollar, you will have automatically bought in as it passes through that price. You can also simultaneously place a sell order at C$1.60, which was a strong supporting price on the way down, and a resistance price when it tried to recover before financing was withdrawn, and a likely place for the stock to stop its initial spurt upwards - if this in fact happens. That would allow you to make a "quick flip" without having to watch the stock price from hour to hour. Mind you, this is all heresy to us long-term investors on this site, with deep faith in the company's potential to rise to C$10 and beyond!! :)
But why am I telling a seasoned guy all this - oh well, maybe there are others reading this post who haven't thought of this method ...
Let's see what transpires tomorrow. So far, silver on the Asian/European preopenings is still around U$4.84 - so it appears UKH will continue to hover around its current price for the day.
Harry K.
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