YTC 0.00% 23.0¢ ytc resources limited

"Daily chart below shows an open gap sitting on the trend line....

  1. 1,239 Posts.
    "Daily chart below shows an open gap sitting on the trend line. Would be great to see a little retrace to close the gap and a sub-sequent bounce off the trend line next week."

    You know, as a value investor, that's something I really don't get about people trading based on technicals. I mean, after this great deal removes basically all uncertainty re: financing and with the mining permit imminent, who is stupid enough to sell at these prices when we might run to 90 cents within the next 12 months??
    Well, maybe big instos trading based on technicals who might have the firepower to push us down a bit? But then, Glenocre might use that to fill up on the open market and the shorts would get shredded ... There are way better targets for shorting out there ...
 
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