AYN 0.00% 0.1¢ alcyone resources ltd

7.5 cents must hold ..., page-36

  1. 660 Posts.
    Few months ago I was posting that SP held well the support of 7.7-7.9c. But this time it is different. Support was attacked few times and eventually it got broken. Now at 7.2c it clearly started the next stage of the downtrend.

    Considering fundamentals : price of silver is also under a lot of pressure; and production level problems vs hedged quantities - all this in my opinion is reflected in the current SP. So unless at least one of these factors changes then I do not see SP recovering too soon.

    I do not hold this stock anymore (sold with small loss), but will watch it now and then.
 
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