Hi fp, The price of snn is now at 31 cents. Resistance is at...

Hi fp,
The price of snn is now at 31 cents. Resistance is at about 37 cents. But lets look at kmn's pricing.
Here is a 2 year daily chart of kmn


This stock has been trading at a range of about 5 cents to 15 cents for about one year.
Having been basing for so long what is left of the people holding this stock are likely long term investors who mostly believe in this company and management. Hence when it breakout there will be a dearth of sellers implying that the price will explode upwards to at least 30 cents where there is minor resistance. This can happen soon with the price of precious metal rising and base metals holding its price. What’s good about this share is; it has the fundamentals to support a much larger market capitalisation.
We have already seen quite a few junior producing goldies breaking out of their downtrend with gains of well over 50% from their breakout point. As this gold bull market progress liquidity will flow into junior explorers as the junior producers become fully valued.

The charts of both kmn and snn are trading near resistance now with kmn at 14 cents and snn at 31 cents (resistance at about 37 cents). When will it breakout? I don’t know but I believe it would be soon as the gold and silver bull market catches the imagination of more and more investors.

Cheers
Goodoh