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Amur Minerals Price Channel Target Towards 15p

Amur Minerals (LON:AMC) has been one of the exceptions that have proven the rule in terms of small cap companies in the resources space underperforming the overall market. Indeed, it can be seen have the big breakthrough here on a technical basis was as long ago as September with the clearance of the 200 day moving average than towards 4p. This move was then consolidated until November with a final test of the 200 day line as new support before a gap through the 50 day moving average cemented the idea of a sustainable recovery. The position since then has been of consolidation in the wake of a double top through 12p for December and January. AMC Amur Minerals PLC Technical Analysis 240315   However this has been a positive process in the sense that we have seen two major su

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Amur Minerals (AMC): New Leg Higher Toward 14p Expected

It has certainly been the case as far as Amur Minerals is concerned that the shares’ performance over much of the past year has many put others in its sector to shame. This is especially so given the progress which was seen from September to January, a period which saw the share price more than triple. Amur Minerals While the period since then has understandably witnessed consolidation of the big move to the upside, it is evident that the stock is still very much in bull mode. This is said on the basis of the way that support has come in well above the 200 day moving average currently 6.14p, well above the post November period and in the wake of a February bear trap rebound from just below the December 7 p floor. It should also be noted that the gap through the 50 day moving average in November then towards 5p remains unfill

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