GLDN:TSXV - Golden Ridge Resources: decent cool off into support
Updated
GLDN:TSXV - Golden Ridge Resources: Chart setting up nicely, for this seasonal gold explorer stock. Pulling back into previous resistance at the $0.155 and $0.16 zone, we will see if it can confirm new support there. Also coming back into the mid line of the Bollinger Band's and the trend line, 50dma is approaching the 200dma, likely see it cross by month's end for a Golden Cross.
Catalysts:
Drilling commenced on Friday, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back
GLDN
Catalysts:
Drilling commenced on Friday, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back
GLDNComment
Bounced of the .155 support, and closed at the high of the day with some decent bids flowing in. we will see if we can begin setting higher daily lows now
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