Good morning
I've been trading in and out of EAR the last few months looking for an entry again now to go long.
Price gaped up on the market open 7/9/17 from 13.5c to 17c and only traded as low as 16c on the day before trending higher. This has left a gap yet to be filled between 13.5c & 16c and price would have to now trade at 13.5 for it to be considered filled.
RSI is in oversold territory which may suggest a bounce soon but with a reasonable size gap so close they do tend to act like a magnet and draw the price in before moving higher. RSI though showing the most oversold reading in the last 12months can always become more oversold and with gold sentiment in the toilet at the moment, this maybe a likely scenario.
I've appreciated all the good fundamental analysis on this thread, Thanks.
I do believe EAR will have it's day in the sun and the price action may seem irrational to some who have a good understanding of the fundamentals, but I've slowly learned over the years to let price action guide my entries and exits.
Good luck holders.
EAR Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
