EXS 0.00% 26.0¢ exco resources limited

special dividend 28c + cap return 10c, page-77

  1. 1,322 Posts.
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    Tinwins,

    Don't worry about selling as there is a clear accumulation currently in the stock. From the chart it is clear that by the end of the next week a resistance level of 72c would be broken. Even today in a relatively negative day on the share market the stock has been holding quite good with more buyers are coming at 69.5c.

    In relation on a recent comment of "b) Buy on rumour, sell on fact." under a different thread I would like to note that the fact still has not appeared. This will be in December.

    At the same time I am quite surprised that some impatient big seller(s) are taking money from the table after a so long consolidation which can be compared with a compressed spring. At the same time it looks like currently a cap (shallow) with a handle pattern is developing which is a bullish formation in technical analysis.

    irynka

    P.s. I decided to buy more at 69.5c without even waiting for breaking a 72c resistance level.
 
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