You are here: Home / Carl's Tips / ECU Silver – Update

ECU Silver – Update

Posted by admin on December 9, 2009 · Leave a Comment 

As you can see by the attached ECU chart, it has traded back up to the .75 level on pretty good volume. As I mentioned to you in my last ECU e-mail, the 200 day moving average [solid blue line] is extremely important. Presently the stock is just over this line which may prove bullish. However, the Bollinger bands [RED solid lines] have a 20 day moving average [broken RED dotted line] between them which started to ROLL OVER four days ago. This is a bearish signal. So we have opposing factions at work here that make assessing any definitive move difficult. I would take a wait and see attitude to see if it can stay above the 200 day MA.
Also, sustained daily volume of 1,000,000 plus shares is vital to ensuring upside potential.
Regards,
Carl
ECU.TO

Filed under Carl's Tips, Ecu Silver Mining · Tagged with Ecu Silver Mining, Silver, silver mining

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.