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Message: Base forming

Base forming

posted on May 26, 2008 08:26AM

Very happy with Denison right now from a technical point of view. It's tested it's lows on a couple of occasions recently and has managed to keep it's head above water.

Now it's starting to test it's more recent highs and if it can manage to break through the $9.50 - $10 level then we could be in for a run up back to the $14 - $15 levels.

Long term this is a no brainer. Short term there will be volitility which is great for the day tradres but uncomfortable for those with a long position.



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