CNMC Goldmine had a very impressive run-up from the low of 26.5 cents on 26th May 2016 and trend higher to touch 53 cents on 5th July 2016. This is super bullish.
As witnessed from the chart we had a very nice gap up with beautiful white bar couple with super high volume and closed high at 52.5 cents . This is very positive.
Currently, it is sitting at the resistance level at 52.5 cents. Breaking out of 52.5 cents with good volume that may propel to drive the share price higher towards 57 cents.
With the current price staying above the SMA lines and both Macd & Rsi still rising it may likely provide further indication that the share price may continue to trend new high.
In my opinion, crossing over of 57 cents with ease + high volume that may likely see it share price heading towards 60.5 cents then 66.5 cents with extension to 70 cents.
( trade base on your own decision)
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