Friday, June 29, 2007

Anooraq Resources (ANO)

ANO has had a great run and it looks to me like it is ready to come back. I originally bought it at 1.28 and sold at 2.56.

Volume has dried up and it looks like a head-and-shoulders is developing. I also have a sell signal on my TD Combo based indicator. This will be an absolutely awesome buy if it gets back to the breakout day 4/4/07 on lighter volume. What is cool is that the TDST line at 1.57 lines up with the high volume breakout day.

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