By The Closet Chartist | Wednesday 5 February 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Middle aged chartist Zak Mir apparently tweeted out on Tuesday that Amedeo Resources looked to be a buy at 0.82p – the price then. The target was 1.2p. This seemed ambitious, but, of course, with the stock having hit 3p plus within hours of the bull call, the cat is among the pigeons and we are forced to reassess the charting position here.
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