Sunday, 28 August 2011

FRES

Mexican silver and gold play with UK listing..I had a nice Gann setup for a top (time and price conjunction) posted a few weeks ago but it blew through it and the weekly now looks v bullish.Flag may even be a MP consolidation.Shorter term can count 5 waves from 13 (fib!) to 21 (fib) and 50% retrace at 16.8 now critical support .Would be looking to buy confirmed lows above this level.Wll consider the bearish potential if we break below.On the quarterly candle chart there is only one lower low since listing !!




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