AYN 0.00% 0.1¢ alcyone resources ltd

Looks like we found the new resistance / support at 5c, could be...

  1. 6,815 Posts.
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    Looks like we found the new resistance / support at 5c, could be a matter of hours or days to move on. I am not a chartist, but most stocks take a breather at 5c after a quick rise from the 4.c level. So, could end between 4.8c and 5.2c.

    All depends on the PoS / PoG but the way thinks unfold now we could see PM's having another go towards the magic levels of USD 2000 / 50 per oz. It all depends on how "fearful" and "panicking" people are. Greed and fear are wonderful and very strong price drivers in both directions. But as we are on the lower end of the cycle the chances for a huge upwards move are very high.

    Now is the time for the fear to miss out before the fear to lose money takes over again.

    Buying AYN today at 5c is not a very risky business, at 15c today it would be a different story.
 
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