East Asia Minerals Corporation in a brutal decline
The RSI indicates that EAS has been oversold since mid July which is a sign of weakness.
The RSI indicates that EAS has been oversold since mid July which is a sign of weakness.
There is currently no indication that the shares are about to reverse the selling.
ORA is definately oversold and at some point it will make the turn to the upside.
Until BTO breaches its trend line it looks like it has more gas in the tank. The trend that has been established is one of higher highs and higher lows which is very positive.
CMC Metals. Please let me know your thoughts. Thanks! Kal Hi Kal, Thanks for the assignment. CMC Metals Ltd. ( CMB TSXV) is a junior mining company with some interesting prospects with the Silver Hart property in the Yukon. On December 07, 2010 the company reported bonanza drill results with grading at the top end of [...]
At this point I wouldn’t be chasing YNG. It is struggling with a new established downtrend, the momentum indicators are not indicating that its about to reverse that trend, and the company is currently dealing with some operational issues.
Eventually all its efforts will result in a boost in production and better than expected financial results but that day is still in next year country.