Trading thoughts and ideas
Analysis of a wide range of stock, commodities and FOREX charts.
Specialized in gold and silver small-mid cap mining companies.
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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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GPR.TO
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