Market Scheming

Tuesday, August 16, 2011

Great Panther Resources (TSX:GPR) - Technical Analysis Charts and Predictions


It is my belief we are entering into a new impulse to the upside however there is potential that if 2.90 - 3.00 break watch out below.  So keep stops tight on entries.

The 200 Day MA is solid support along with the recent pull back which was 61.8% retracement.  Target prices are 4.25 and 5.20.  Great Panther Resources looks well positioned as silver continues its rise. 

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