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Message: Grandich Client Donner Metals

Grandich Client Donner Metals

Donner Metals sent me the following chart and comment from a company called Industrial Alliance Securities:

From our Technical Analyst:

After having found support at $0.25, DON has shrugged away spikes in volume near support, pointing to what seems like a change in direction.

Recent price action looks like DON may have completed a sideways correction.

Immediate resistance at $0.30, if broken, would point to $0.35 as the next level.

A clear break of $0.32 would change the chart structure to a continuation of higher lows and higher highs.


This entry was posted on February 2, 2011 at 6:26 PM. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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