Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: Re: we are not "overbought" ...rather we are undervalued

Danny, I was talking strickly TA here. On the daily chart, we are still over the bollinger bands which means we are more than 2 standard deviations from the mean price. We cannot stay in overbought territory for ever. Either our price comes down or time passes and we stay in this price range. Either of these situations will bring us back into a normal price range. Many people will refuse to buy shares that are in this overbought situation so the quicker we get back within Bollinger bands the better. If we finish near 25 today, we should be back within the normal range.

Fundamentally, I agree with you that we are undervalued.

Cheers!

Share
New Message
Please login to post a reply