Sunkar Resources (AIM: SKR) - Broken through the 200day moving average!

Sunkar Resources looks as though it has started to get going again. This image, courtesy of Sharescope, shows how after drifting down from its previous high last October, it has recovered some ground. Since the end of August, it has broken up through the 200 day moving average and looks poised to continue upwards.

Of particular note is the OBV indicator which has remained strong (flat) and didn't decline as the share price drifted back. This gives us DIY-Investors encouragement to hold, as there is no weakening of shareholder sentiment.