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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (6436)	4/28/2014 11:02:58 AM
From: Goose94	Read Replies (2) \| Respond to of 203329

FCU-V shareholders racing to the EXIT.

To: Goose94 who wrote (6436)	5/9/2014 8:48:27 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Fission Uranium (FCU-V) is working up a number of discoveries in the Athabasca basin of Saskatchewan, which is the world’s richest source of high grade uranium. Their most advanced project is Patterson Lake South which is a shallow deposit exhibiting extensive high grade mineralization. What caught my eye while going through the company’s Apr. 30, 2014, presentation was their patent pending “Boulder Finding Technology”. When a company develops a better way to identify where mother nature has hidden her treasures there is an added value to the investment. My first cursory scan of the chart identified that what had been an advance has developed into a decline. What we need to deduce is where there is support and if there are signals indicating that the selling has been exhausted. A further more detailed examination will help answer those questions. The three-year chart highlights the advance that began in January of 2014 triggered by the release of drill results identifying high grades in a sample and the announcement that Japan would be restarting the nuclear facilities idled by the disaster at Fukushima. However the shares topped out at $1.70 as the move higher met resistance, and investors reacted to the sell signals generated by that the RSI and the MACD. The six-month chart provides a closer look at the sell signals that surfaced by late March and the painful dissipation of wealth that ensued. The decline has seen the stock melt through the 50- and 200-day moving averages and unfortunately a breach of support at $1.20. At this time the MACD and the RSI are indicating that we can anticipate more selling. The next critical level of support that needs to hold is at $1.00 otherwise we could see a retest of $0.80. The charts tell the story of a stock that has been under pressure. There was a run-up on good news but now it’s back to basics. FCU is a junior exploration company whose shares move on drilling results. If you are going to get involved with this company you’ll have to get tuned in with their drilling programs and what is happening in the industry. The other thing you should follow is how they plan on monetizing their “Boulder Finding Technology”. theglobeandmail.com stockhouse.com