Monday, December 25, 2006

Google update, Tenke mining chart, TNR gold development.

http://stockcharts.com/charts/gallery.html?GOOG

I can not post my usual format now so you have to make some work, few notes:
- after last post on Daily GOOG slipped under MA50which is now became resistance;
- on Weekly GOOG developed SELL with MACD crossover;
- stock is just above support of previous tops of shoulders in FIRST TOP in Jan 2006 and Second Top in Triangle at 450.72;
- Point-and-Figure chart is pointing to Reversal with TP of 416, which will be only temporary resistance on its way back in my opinion.
Tenke mining - spot the difference: consolidating on Daily with solid support in 15.0-15.3 CAD, break out on Weekly with testing the resistance level, P&F TP is 24CAD short term. Many new developments will be in the next 1Q 2007:
TNR Gold just in the beginning of Argentina exploration season we will be for an update and latest news from Minera Andes are encouraging: this is North Property which belongs to TNR.V optioned to Xtrata and then to MAI.V, Minera Andes is making new drilling on combined property and initialized scoping study to evaluate potential of the deposit:
New PP at CAD0.20 and Warrants at 0.25 is making nice floor for good news acceleration in stock Value Recognition.

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