The bullish three line strike reversal pattern carves out three black candles within a downtrend. Each bar posts a lower low and closes near the intrabar low. The fourth bar opens even lower but reverses in a wide-range outside bar that closes above the high of the first candle in the series. The opening print also marks the low of the fourth bar. According to...
Kidman Resources has broken out of its sideways trading on the back of expected good news.
Tracing towards a convergence
resistance @ $1.48
Support @ $1.39
Waiting for a continued breakout to the upside for confirmation.
Testing resistance points on the back of positive news flows.
Still the lingering question of Mining Wardens recommendation to WA Mining minister - Warranting a small retrace/ bounce of resistance points.
Consecutive close above $1.26 would confirm break out.
SFR continues to hold no debt and is completely funding its own operations and exploration activities from cash flow.
This is likely to see further exploration announcements and farm in deals with other mining companies over FY19 as has been the case in FY18.
We continue to cover SFR as a Star Growth Stock with an unchanged Lincoln Valuation of $8.06.
Kidman Resources is testing its resistance points after a period of consolidation.
Looking for a breakout above $1.205
Wait for confirmation of a breakout confirming a buy signal.
