Kim,
ABERF , ... upswing in a downtrend continues. Could not find any news except the diamond play under snap lake. This is the time of year when they can get in & drill on a winter drill program as must have ice on lake & potential pipes up there are always under lakes. I would call the co. & ask if they are drilling or planning to drill, ... could be anticipation of exploration that's driving this thing.
TA wise, a big white candle & current swing could continue.
I would hold & have a profit objective in the market. If a break even point is obtainable I would take it. I've played other stocks on diamond plays before & made money, but they never found any diamonds. If the drilling is barren they come back down real fast. If it ever open up high & sell off , ... get out!
R- 10.12, 12.31, 12.75, 13.50 (also old swing bottom approx 11.50)
S- 8.88, 8.75, 8.50
Bob |
