HRR 0.00% 4.5¢ heron resources limited

Heron Resources

  1. 753 Posts.
    A rather unusal tight trading range for this month [15-17cents].

    By the end of the month this range could be expanded.

    A break on the upside could, I believe, push the stock in the 20cents area and potentailly to much higher prices.

    For this to occur, we need some sort of freindly announcemnt re take-over or joint venture with either Cawse on Murrin Murrin operators, or some unexpected exploration sucess.

    If a break of 17.5cents occurs and the stock closes above this level on a monthly basis, it would look constructive for the months ahead, based on techincal analysis trends.

    If the stock breaks below the 15cent level, I consider buying the stock in the 14cent range could prove to be worthwhile trading punt.

    Any gifts below 13cents, i consider would be a long term cream-de-la-creme, but one must be patient.

    The greed to make a quick dollar attracts opportunists, and often prevents a stock to move in a certain direction due to these stale shorts or longs.

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