Tuesday, January 18, 2011

Did Caledonia Mining (CALVF) Daily Chart Turn Bearish?

Looking at the updated daily chart of Caledonia Mining Corporation (CALVF) shows that CALVF is still bullish.  Although the uptrend line was broken, it closed back above it and maybe was just washing out some weak hands.

I'm looking forward to a rally higher from these levels as Caledonia is certainly not overbought here.