Have tried hard but can not think of a good reason not to buy into GPR on Monday!
GEOPACIFIC RESOURCES LTD looks to have broken out of >10 Yr down trend, made an all time low double bottom 1/2 way through last year, completed the higher low routine (around the 78% Fib retrace), recent volume has been more than triple ave vol., MAs are on top of each other and it is on a PSAR buy signal.
Not sure what else it has to do to produce the goods: recent results & I guess the soon to be released ones should allow a favourable updated resource (expected early next quarter).
Weekly chart: Looks fine on most respects.
Have tried hard but can not think of a good reason not to buy...
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