Re: Run-Up Again with no follow through?

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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zwilzric

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Re: Run-Up Again with no follow through?

in response to

Run-Up Again with no follow through?

seahawks1

posted on May 14, 2010 01:44PM

IMHO there is nothing to get excited about. We were at $0.20 around six months ago and we are steadily moving up.

The chart shows serious resistance at the $0.50 level going back to May 2008 and getting above that level and staying there will be a significant event.

Right now the 50 ma is at $0.39 and the 200 is at $0.32 so we are comfortably positive in TA terms and a little pullback action is ok. Even pulling back to one of the ma levels wouldn't dent the positive TA picture IMO.

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