VXR 2.41% 42.5¢ venturex resources limited

MACD above 0 and 200-day moving average trend sloping upwards....

  1. 524 Posts.
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    MACD above 0 and 200-day moving average trend sloping upwards. Decent volume last 2 weeks. Sell side is thin. Looks likely SP will hold 20c and climb up.

    I think SP rise is on the back of several events:
    - Stronger copper prices
    - Anticipation of EPA Approval - estimated latest by end of next month
    - Finance and copper off-take - advanced stages or so they claim?
    - Corporate transaction of peers (G1A / MOD)

    Never know why SPP had shortfall. Really should have cut some losers and gone harder for the excess instead of just $15K.
 
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