ECU SILVER...

originally published December 28th, 2009

With silver believed to be on the point of turning up again, ECU Silver is looking like a strong buy here for the reasons made clear on its 2-year chart below. Over the past couple of weeks it refused to decline further with silver and did not drop below its early December low, which behaviour has bullish implications, so that following the breakout attempt from its large base area in November it appears to have dropped back to consolidate in a triangular pattern, with the decline in volume as the triangle has formed suggesting that an upside breakout is pending.

ECU Silver website

ECU Silver Mining Inc, ECU.TO, ECUXF on Other OTC, closed at C$0.72 and $0.701 on 24th December 09.

Posted at 9.15 am EST on 28th December 09.