Technicals | Apr 27 2010
This story features ENERGY RESOURCES OF AUSTRALIA LIMITED. For more info SHARE ANALYSIS: ERA
By Rudi Filapek-Vandyck
The TechWizard reports shares in Energy Resources of Australia ((ERA)) are trading weaker in an overall buoyant market on Monday, ignoring the fact that industry consultant TradeTech has reported increased demand for uranium in the week ending on Friday.
The Wizard has also observed the shares have opened with a gap down today. It doesn't exactly make for a positive outlook, he adds.
The danger is now that the shares will go for an attack of the $16 price level. If this price level breaks we should see $15 on price charts soon, predicts the Wizard.
He reports at present he does not own any shares in the company.
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For more info SHARE ANALYSIS: ERA - ENERGY RESOURCES OF AUSTRALIA LIMITED
