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SKREF - Skeena Resources: Assessing The Technical Damage After The Drop
Skeena Resources Ltd
It's been an exciting start to the year for Skeena Resources (SKREF), with continued positive drill results out of their Eskay Creek Project in British Columbia. Unfortunately, the stock came into February at its most overbought condition in several years, and even exceptional drill results are rarely enough to shrug off these extreme conditions. Since that time, we've seen the stock drop more than 50% from its highs, trapping many of the buyers from January and February at much higher prices. This has created a brick wall of resistance near the C$1.00 level, as many