Sidon International (SD, TSX-V)

Sidon closed Friday at 12 cents, a 1.5 cent loss for the week, but technically the stock is looking extremely healthy and is forming a beautiful base around its 50-day rising moving average where it’s currently sitting…volume dropped off a bit this past week which shows that the recent selling has largely exhausted itself…investors now wait for Sidon to close its proposed $1.2 million financing at 10 cents and then the “reigns” are off, so to speak, and Sidon can aggressively move forward with exploration at Morogoro East in Tanzania…looking at the chart, it’s not hard to tell that Sidon’s best days are coming