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WRN- Do You Feel Lucky?

AMEX:WRN   WESTERN COPPER AND GOLD CORP
28 0 4
Western Copper             and Gold             Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold             , silver             , copper             , and molybdenum deposits. It holds interests in Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper             Corporation and changed its name to Western Copper             and Gold             Corporation in October 2011. Western Copper             and Gold             Corporation was founded in 2006 and is headquartered in Vancouver, Canada.

*Believe that WRN has hit a price reversal zone, after a drop to fib. ret of 0.786 on chart. Will be confirming to go long for rest of year, with a possible pay off on every $100 for rest of year of $70 profit, price action hits 1.70 in future. %70 profit on every dollar is not a back RATE OF RETURN. If interested, do your own homework on this or any other possible investment choices. *Note, only issue is liquidity or volume of trading per day of 100,000, but may still work.

Note, bollinger band 20 MA is a great confirming trend line to be aware of on longer time frames. You could wait for price action to close at or above that blue line on WRN daily chart , to start a bullish trade (if you are conservative trader). Only thing you trade, is initial bullish move up out of a support area .

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